dglobalnews.com Qatar spending $500ma week on FIFA World Cup projects
Published: Sat, February 11, 2017
Medical | By Benjamin Edwards

Qatar spending $500ma week on FIFA World Cup projects

Qatar Finance Minister Ali Sharif El-Emadi has revealed the country is spending about $500 million a week on infrastructure for hosting the 2022 FIFA World Cup.

That means the 2022 World Cup in Qatar will be the most expensive iteration of the event ever, and it won't be even remotely close.

"We are putting $200 billion in terms of infrastructure".

The minister expects spending to continue at that level for three to four years as new stadiums, motorways, rail links and hospitals are built. And to do that, Qatar is spending an eye-popping $500 million per week.

"90 percent of the 2022 contracts have already been awarded", added Emadi.

As things stand in qualifying, they are the ninth best team in Asia, a confederation that receives 4.5 places at the World Cup. Qatar are likely avoiding a repeat of what happened in Brazil, where they had far less work to do, but fell behind schedule and struggled to get stadiums ready in time.

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In order to achieve this, contractors have brought in hundreds of thousands of migrant workers, mainly from South Asian nations.

Qatar's government has denied the workers are exploited and in December it implemented reforms created to improve the rights of the migrant workers.

The Qatari government has denied the report.

Qatar, which has the world's third-largest natural gas reserves and produces up to 800,000 barrels of oil a day, has been forced to tighten its belt following a 2014 collapse in the price of crude.

Last year, Qatar had an estimated budget deficit of more than $12.8bn, and the 2017 budget has a projected deficit of $7.8bn.

Meanwhile, due to the higher oil price, the pressure on the state finances is now easing.

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