Qatar Prime Minister Not Looking to Bonds to Cover Costs
December 15, 2010
According to Qatar’s Prime Minister Sheikh Hamad Bin Jasim Bin Jaber Al-Thani, the nation has no plans to issue bonds in order to cover the cost of the 2022 soccer World Cup.
Sheikh Hamad announced at the opening of a courtroom at Qatar Financial Centre, that the government had already covered “70 per cent to 80 per cent” of the costs involved in staging the event. He revealed that most of the plans, in terms of infrastructure, had already been arranged prior to the nation winning the vote on 2 December with the event’s infrastructure as a whole, predicted to take about seven years to build.