Wednesday 15 December 2010

Qatar says won't issue bonds to fund World Cup | Reuters

Qatar does not plan to issue bonds to fund the 2022 soccer World Cup, Prime Minister Sheikh Hamad bin Jassim al-Thani said on Tuesday.

The Gulf Arab state is expected to spend $100 billion over the next five years on infrastructure projects including road and rail networks planned before it was chosen as host, as well air-conditioned stadiums.

Qatar, which has never qualified for the World Cup finals, will be the first Arab and Middle Eastern country to stage the tournament, and the smallest ever.

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