Description
Qatar has won the right to host the 2022 FIFA World Cup. Preparations will have a lasting impact on Qatar’s real estate, construction, and finance markets as companies scramble to obtain a portion of the more than USD 200 billion in infrastructure development needed before 2022, including USD 11 billion on the newly opened Hamad International Airport, USD 5.5 billion on a deep-water seaport, and over USD 12 billion on improving and creating road networks. Qatar will also invest between USD 20 billion to USD 25 billion in tourism infrastructure development. The largest planned development is the USD 29 billion metro and rail project which will be implemented in three phases with completion scheduled for 2022. Other focal areas include roads, industrial zones, and information and communication technology. These developments will stimulate the domestic economy and create substantial export opportunities for foreign businesses. In addition to energy and infrastructure development, significant opportunities exist for foreign investment in medical, safety and security, education, and franchising.
