Qatar Set To Spend US$ 150 billion On Infrastructure To 2017
The Qatari government has reportedly allocated a whopping 40 percent of its budget between now and 2016 to infrastructure projects, including US$ 11 billion on a new international airport, US$ 5.5 billion on a deepwater seaport and US$ 1 billion for a transport corridor in the capital, Doha.
It will spend US$ 20 billion on roads while stadium construction for the World Cup should cost just under US$ 4 billion, with the first venue to be built by 2015.
According to German legal and financial adviser Dr Nicola Ritter, US$ 48 billion will be spent to build air-conditioned stadia, US$ 77 billion will be spent on facilities for soccer fans and players from all over the world and US$ 45 billion will be allocated for developing Lusail City.
Qatar has also allocated US$ 50 billion to upgrade its transport infrastructure, including new rail and metro systems.
