Qatar is spending at an unprecedented rate in preparation for the 2022 World Cup, with the Middle Eastern state’s finance minister admitting weekly expenditures of £400 million ($500 million).
According to Qatar’s finance minister, Ali Shareef Al-Emadi, it doesn’t look like that extravagant spending will stop anytime soon.
“We are spending close to $500 million per week on capital projects,” Al-Emadi told reporters, courtesy of Agence France-Presse.
“And this will carry on for the next three to four years to achieve our goal and objective of really getting the country ready for 2022.”
Estimates peg Qatar’s total spending for the quadrennial games will hit £160 billion ($200 billion), with the construction of venues just the tip of the iceberg. The oil-rich Emirate has also constructed roads, hospitals, and a new airport to handle the burden of a rapidly grown infrastructure.
“That doesn’t mean the stadiums only, we are talking about highways, rail, ports, airports, those are really underway, even hospitals and everything,” Al-Emadi added. “Ninety percent of the 2022 contracts have already been awarded.
“We are really giving ourselves a good chance of delivering things on time and we don’t want to get in a place that we start painting while people are coming to …read more
Source:: the score la liga