Sunday 19 December 2010

AFP: Qatar, Gulf region to benefit from World Cup: bank

Qatar and its Gulf neighbours are set to benefit immensely with the expected spending bonanza from Doha hosting the football World Cup in 2022, an economic report said on Sunday.

Tiny gas-rich Qatar had already announced plans to spend at least 100 billion dollars even before being selected to host the world's biggest sporting event, the National Bank of Kuwait (NBK) said in a report.

"Hosting the World Cup foremost adds a sense of urgency and an ultimate hard deadline for the completion of the projects critical to a successful hosting," the report said.

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