Deloitte: Qatar to spend $200 billion for WCup
DUBAI, United Arab Emirates (AP) — A report from Deloitte says the oil-and-gas rich nation of Qatar plans to spend $200 billion over the next decade as it prepares to host the 2022 World Cup.
The report, released on Tuesday, said $140 billion of that will be for transportation infrastructure including a new airport, roads and a metro system to deal with the 400,000 fans expected for the month-long tournament.
Another $20 billion will go to tourism infrastructure as the Persian Gulf nation expects the number of tourists to reach 3.7 million annually by 2022.
Qatar was awarded the World Cup in December 2010, beating out the United States, Australia, Japan and South Korea. It was a surprise choice considering the summer heat exceeds 40 degrees (104 F) in the desert country.