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778-Som-Lalit Institute Of Business Management - Gujarat ...

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Tight credit markets could make financing for large-scale projects hard or<br />

prohibitively expensive.<br />

<strong>Som</strong>e major sporting events cannot be held when the temperature is too high.<br />

So infrastructure has to be built with keep in mind this point or event must<br />

organize in other seasons during January.<br />

Like, When Asian Football Confederation selected Qatar as the host of the<br />

2011 AFC Asian Cup they opted to run the event in the January window<br />

rather than July or August because they considered it to be "too hot‖ in the<br />

Gulf region.<br />

Estimated Capital Requirement<br />

• The basic capital requirement to start a business in Qatar is estimated to be<br />

200000 QR.<br />

• Since our company is going in a joint venture, it would not require a huge start<br />

up, but due to the company being into sports infrastructure industry it would<br />

require 1000000 QR as its start up cost.<br />

HOSTING FIFA WORLD CUP 2022<br />

According Middle East Economic Digest ( MEED ), Qatar‘s successful bid to host the<br />

FIFA world cup in 2022 is said to launch a US $ 60 billion construction boom in the<br />

gulf state. MEED estimates that infrastructure projects for sports worth approximately<br />

US $ 55-60 billion that had been planned and will now go ahead.<br />

For the world cup 2022, Qatar government is expecting to have 12 football stadiums<br />

which will host the matches. Out of 12, 3 stadiums already exist and which will be<br />

expanded in terms of increasing their seating capacity and facilities to the players<br />

and the fans.<br />

84 | P a g e

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