Qatar won’t see a “significant” increase in sovereign debt in order to build the stadiums, roads, rail and metro networks needed to host the 2022 World Cup, Standard & Poor’s said.
In an emailed statement credit analyst Luc Marchand said: “As in the past, we expect most of the infrastructure will be financed via revenues from the oil and gas sectors.”
The gas-rich emirate is expected to spend around $64bn in preparation for the tournament, S&P’s said, or around 47 percent of 2010 GDP.
Spending for the event may result in a budget surplus of about seven percent of GDP from 2011 to 2013.
The report assigned the country an AA/Stable/A-1+ rating.
The 2022 Cup “will have a substantial impact on Qatar's already promising economic growth over the next few years,” Marchand said.
Additional moderate borrowing is possible, as has already occurred via government guarantees, he said.
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