The Most Viable Method of Stadia Financing - Dissertation Example

Since the 2022 Football World Cup is to be hosted in Qatar there is an urgent need to consider the issue of how to finance stadium building in time for that event. The country must be able to demonstrate a) the availability of sufficient capital to fund such projects and b) a sufficiently robust financial sector to regulate the major financing deals that such projects require.Although relatively small in size, Qatar has become one of the fastest growing economies in the world. With its persistence economic growth and economic development, the country observed a phenomenal growth rate of 18.

9 percent between the years of 1999 to the year of 2004. As a result, by the end of the 2005, the GDP per capita in the country was around QAR 157,000 which is equivalent to USD 43,000 according to the GDP estimates released by the Qatar Central Bank. The financial and capital sectors of Qatar have been strengthened in the past twenty years or so. A significant development was the creation in 1997 of he Doha Securities Market (DSM) was established. The DSM grew by 16% a year, on average from 1997 to 2001 even though it remained closed to foreign investment.

Qatar was not immune to the global financial crisis of 2008, but the SDM performance was nevertheless stronger than that of other countries in the wake of that downturn: in DSM % change from 2007 to 2008 was only -28.2 which compares with Bahrain Stock Exchange -34.52, Abu Dhabi Stock Exchange -47.49 and Saudi Stock Market -57.02.