Qatar spending $500m a week on World Cup infrastructure projects

by Dramelin 4:30 AM 0 comments

The 2014 World Cup in Brazil is reported to have cost $11bn (?8.8bn) to host, while Russia increased government spending on the 2018 World Cup by $321m to $10.7bn. But Mr Emadi denied that the plans would make the 2022 tournament the most expensive World Cup yet. Image copyright Getty Images Image caption Qatar expects two-thirds of the contracts for the 2022 projects to be delivered within 24 monthsQatar is spending almost $500m (?400m) a week on major infrastructure projects as it prepares for the 2022 Fifa World Cup, its finance minister has said. Mr Emadi said the money for the World Cup projects had been protected from cuts to the national budget caused by low oil and gas prices. The pressure on the state finances is now easing because of higher oil prices, and Mr Emadi said Qatar might not need to issue international bonds this year.