Doha to use PPP to fund World Cup projects
Qatars Supreme Council for Delivery & Legacy has received bids for a legal advisory role on using public private partnerships (PPP) to fund two World Cup stadiums.
Financial advisory bids were submitted in June.
The Supreme Council hopes to bring in developers on a PPP basis. The developers will exploit the sites, or precincts, around the stadiums during and after the World Cup as an incentive. The mixed-use developments will then help fund the two stadiums, and create a post 2022 legacy.
Qatar now has six years to develop stadiums for the 2022 Fifa World Cup, so their construction is the highest priority. Five stadium contracts have already been awarded, with four under construction.
In July, Cyprus-based Joannou & Paraskevaides was selected to build the 45,000 seat stadium at Education City.
The iconic $769m Lusail Stadium was tendered in May.
Qatar is currently preparing a PPP framework, with the UKs PwC and Evershed as advisors. It intends to begin with education projects.
The most promising PPP projects in the GCC are based around real estate development. Dubai is planning a similar stadium mixed-use development PPP, as well as a residential project.
Oman is pushing ahead with PPP tourism and leisure projects.
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