Browse
related articles
Qatar seeking to reduce World Cup stadiums: report
- Qatar: Tuesday, April 23 - 2013 at 05:18
Bank of America Merrill Lynch (BoAML) has said that Qatar is in talks with the global football governing body FIFA to reduce the number of stadiums it builds for the 2022 FIFA World Cup as costs increase, Bloomberg has reported. The Gulf country is seeking to reduce the number of venues to eight or nine from the 12 originally planned, the US bank said in a note to investors following meetings with the Qatar 2022 organising committee. "The requirement is a minimum of eight and a maximum of 12 stadiums. We are currently working on delivering our first five stadiums," said the technical director of the organising committee, Yasir Al Jamal. Costs are likely to exceed the bank's initial estimate of $95bn, Alberto Ades, head of emerging-market fixed-income strategy at BoAML, said in the note.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
