778-Som-Lalit Institute Of Business Management - Gujarat ...
778-Som-Lalit Institute Of Business Management - Gujarat ... 778-Som-Lalit Institute Of Business Management - Gujarat ...
6. Sports Sector Investors who are looking for a reliable and steady return in capital they should invest in infrastructure projects focus their attention in Middle East region, according to ―Infrastructure Investment Index‖ report published by global built assets consultancy EC Harris. In the Middle East rankings, Qatar and the UAE were both placed in the top five in the final rankings, finishing in second and fourth position respectively. This report also shows the scale and volume of opportunities that is present across the Middle East particularly in Qatar where a major capital investment program is already underway to enhance the Qatar‘s infrastructure before the 2022 FIFA world cup. Qatar estimates $100 billion is to be allocated to infrastructure projects including sport infrastructure. Why Sports Infrastructure Industry In Qatar Qatar is planning to develop itself as a global sporting destination. So sport infrastructure development has enjoyed unfettered supports of Qatar‘s government. Since 2004, Qatar hosted various prominent international competitions like marine sports football, cycling, golf, tennis. Qatar is now setting its sights on FIFA 2022world cup and 2020 Olympic Games. Hosting such high-profile events would evaluate Qatar‘s profile on the world stage as well as accelerating infrastructure development and this would help to diversify the economy of Qatar away from hydrocarbons. 70 | P a g e
Qatar sees sport as a key way in which to diversify its economy away from its high dependence on oil and gas, particularly hosting the World Cup and other international sporting events. Sports Infrastructure Opportunities in Qatar Opportunities can be broken down into the following general list: Infrastructure: planning, construction, maintenance and equipment Specialist Expertise: project management, consultancy, financing and insurance Current Sports Market Qatar currently holds around 28 sporting events each year. The largest event held in Doha up to 2012 was the 15th Asian Games in 2006.Other major sporting events in Qatar have included the Qatar ExxonMobil Open tennis tournament, the annual Commercial bank Qatar Masters golf tournament, and the World Indoor Athletic Championships. Qatar’s Sporting Plans Qatar certainly has huge the funds drawn from its large proven oil and gas reserves to spend on new sports infrastructure and facilities. The bid committee have said that the Al-Wakrah and Al-Khor stadiums will be built regardless of whether Qatar‘s bid to host the 2020 Olympic is successful. There are also proposals to expand two existing stadiums, Al-Rayyan Stadium and Al- Gharaf Stadium 71 | P a g e
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- Page 45 and 46: for IPPs (which are feasible for co
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- Page 83 and 84: SWOT Analysis of Infrastructure ind
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Qatar sees sport as a key way in which to diversify its economy away from its high<br />
dependence on oil and gas, particularly hosting the World Cup and other<br />
international sporting events.<br />
Sports Infrastructure Opportunities in<br />
Qatar<br />
Opportunities can be broken down into the following general list:<br />
<br />
<br />
Infrastructure: planning, construction, maintenance and equipment<br />
Specialist Expertise: project management, consultancy, financing and<br />
insurance<br />
Current Sports Market<br />
Qatar currently holds around 28 sporting events each year.<br />
The largest event held in Doha up to 2012 was the 15th Asian Games in<br />
2006.Other major sporting events in Qatar have included the Qatar ExxonMobil<br />
Open tennis tournament, the annual Commercial bank Qatar Masters golf<br />
tournament, and the World Indoor Athletic Championships.<br />
Qatar’s Sporting Plans<br />
Qatar certainly has huge the funds drawn from its large proven oil and gas<br />
reserves to spend on new sports infrastructure and facilities.<br />
The bid committee have said that the Al-Wakrah and Al-Khor stadiums will be<br />
built regardless of whether Qatar‘s bid to host the 2020 Olympic is successful. There<br />
are also proposals to expand two existing stadiums, Al-Rayyan Stadium and Al-<br />
Gharaf Stadium<br />
71 | P a g e