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FINANCIAL NEWS
Qatar grants USD2.5b tourism contracts in 2014
19 Mar 2015
(MENAFN) Qatar’s tourism grants USD2.5 billion worth of contracts during 2014 as the host of FIFA World Cup in 2022 looks to build more hotels, Arabian Business reported.
Projects totaling USD8.48 billion are currently underway set to prepare Qatar as a major tourist and venue attraction, including Doha Festival City, Doha Convention Centre, and Rayyan Mall (Mall of Qatar).
The total number of projects planned or underway include 5 museums and libraries; 57 hotels and resorts; 22 shopping venues; 21 sports facilities; 11 theme parks, 6 convention centres; and a state-of-the-art theatre (MEED).
Qatar saw 2.8 million visitors enter the country in 2014, an 8.2 percent increase in numbers over the previous year, generating 61,000 jobs in the tourism sector and an economic injection of USD7.6 billion.
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