Private sector to bag 70% of Qatar World Cup projects

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Getty Images)

(Getty Images)

Qatar’s private sector is in line to be awarded 70 percent of all projects related to the Qatar 2022 World Cup, the country’s Chamber of Commerce boss revealed.

In an interview with Arabian Business Qatar, Sheikh Khalifa bin Jassim bin Mohammed Al Thani, Chairman of the Chamber of Commerce and Industry, said preparations were underway to roll out several contracts that would give a huge boost to the banking, tourism and construction industries.

"It is expected in the framework of the size of the projects that will be implemented and the nature of where they project construction related to the construction sector and infrastructure projects, the Qatari private sector can acquires about 70 percent of these projects," he told the magazine.

The total cost of staging the event is estimated at US$70bn, with the key infrastructure to be built in several phases. Close to US$7bn of this is set to be spent on housing and education for the thousands of new workers expected to move to Qatar over the next ten years.

Some of the initial big projects include a new national rail system, a new metro in Doha, a deepwater port and a causeway connecting Qatar and Bahrain. There will also be 12 new football stadiums constructed.

Although he did not give specific numbers, an International Bank of Qatar report last year suggested around 90,000 hotel rooms will be needed by 2022, compared to 12,000 today.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Mall talk

Mall talk

Plans for Dubai’s Mall of the World have made headlines all over...

1
Qatar's labour requirements

Qatar's labour requirements

Qatar’s Supreme committee has published worker welfare standards...

2
$40bn housing deal may signal Gulf investment push into Egypt

$40bn housing deal may signal Gulf investment push into Egypt

Egypt's economy is recovering only slowly from the turmoil that...

Most Discussed