Report: Qatar spending $200 billion on World Cup

By Larry Hartstein | Senior Analyst

Building air-conditioned, open-air stadiums in the desert is expensive.

Deloitte says Qatar will spend $200 billion over the next decade as it prepares to host the 2022 World Cup, the Associated Press reports.

The money will go toward transportation and tourism infrastructure and new stadiums. About 400,000 fans are expected to attend the month-long tournament.

With summer temperatures routinely in triple digits, Qatar plans to build fully air-conditioned, open-air stadiums that operate on solar power.

The Persian Gulf nation beat out the United States, Australia, Japan and South Korea in bidding to host the event.

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