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Qatar: $20bn investments planned for sport sector

The opportunities will be available in the development of sports, construction of facilities, goods and equipment and maintenance of facilities to name a few

$19bn worth of investments have been identified in Qatar's sport sector.
$19bn worth of investments have been identified in Qatar's sport sector.

Around $19bn (AED72bn) worth of investment opportunities have been identified in Qatar's sport sector ahead of the 2022 FIFA World Cup, according to Sheikh Ahmed bin Jassim bin Mohamed al-Thani, Minister of Economy and Commerce.

Opportunities will be available in the development of sports, event management and promotion, construction of facilities, goods and equipment, marketing, sports tourism and operations and maintenance of facilities, Arabian Business reported.

Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister and Interior Minister, said: "Sport is part of the Qatar National Vision 2030.

"The 2015 Handball World Cup was hosted here and around 30 major events are organised here on an annual basis."

He added that the 2022 FIFA World Cup will contribute to the economic development of Qatar by bringing investment opportunities, while also enhancing the country's position as a sports hub and tourisum destination.

Hassan Al Thawadi, secretary general, Supreme Committee for Delivery and Legacy, said: "We are ready to support the infrastructure developments which lead to 2022.

"We are working to leave a lasting economic legacy by cooperation and partnership with the private sector."

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