Qatar has slashed its World Cup projected budget according to a top Qatari official.
The host of the soccer World Cup in five years’ time said it will spend significantly less than originally intended to deliver the tournament.
According to reports Qatar now expects the infrastructure bill for the 2022 FIFA World Cup to stand between $8 billion and $10 billion that is almost a 40-50% reduction from the initial budget, according to a Qatari official.
“That’s why we had set an initial budget early on and made a commitment towards reducing it as the market became clearer, as the project became clearer, as we define the scope.”
Hassan Al Thawadi, the Qatari official who heads the tournament’s organizing committee.
Qatar had initially proposed nine new stadiums and to renovate three, with the 12 venues divided among seven host cities as per its initial proposal to FIFA, but its been now dropped to eight stadiums
The seven host cities were Al-Daayen, Al-Khor, Al-Rayyan, Al Shamal, Al Wakrah, Doha and Umm Slal.