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Wednesday, 1 June 2011

Qatar spending not reliant on World Cup as GDP soars | Reuters

Losing rights to host the 2022 soccer World Cup would do little to dent Qatar's economy -- although it would be a major blow to prestige -- as energy revenue continues to fuel the Gulf Arab nation's growth.

The head of Germany's soccer federation on Wednesday called for FIFA to re-examine the award of the tournament to Qatar amid allegations it had bought the event. The Gulf state has strenuously denied any wrong-doing. [ID:nLDE7500JC]

But even if the gas exporter ultimately loses the tournament, the impact on infrastructure expansion and on the economy would be limited, analysts said.