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The International Olympic Committee has chosen Istanbul, Madrid, and Tokyo as finalists to host the 2020 Summer Games, dashing the hopes of Doha and Azerbaijan 's Baku, Reuters has reported. The shortlist of candidates to host the world's biggest multi-sports event was announced at the IOC's executive board meetings in Quebec City. Doha, which was proposing to hold the 2020 Olympics in October rather than the usual July/August schedule to avoid the state's summer heat, is already hosting the 2022 World Cup football tournament. Doha 2020 officials said the decision by the IOC does not curtail Qatar's ambitions or its work in progress towards becoming a regional and global sports hub. London will host the 2012 Summer Games from July 27-August 12 while the Brazilian city of Rio de Janeiro will stage the 2016 Olympics. The IOC will announce the winner between bids from Tokyo, Madrid and Istanbul in September 2013.