Brazilian Leonardo Slams UEFA's Platini Celtics CEO Heads Formula E Investment Can Sochi Become World-Class Resort? Rodman Returns To North Korea Samsung Releases Latest Football Video Executive Transactions MP & Silva, F1 Agree To Six-Year Deal Tokyo Governor Quits Over Scandal Cyclist Rogers To Fight Doping Claims Sport1 Secures Olympic Hockey Rights
SBD Global/July 10, 2013/FacilitiesPrint All
Qatar is planning to invest more than $200B in the next 10 years in construction projects to prepare for the 2022 World Cup, according to a Deloitte study. The country plans to invest more than $140B over the next five years in transport infrastructure to transform Qatar. Investments in constructing a new airport, roads and a metro system have been planned as part of supporting an anticipated influx of visitors for the World Cup as well as leaving a sustainable legacy for Qatar. The Qatar Tourism Authority plans to invest about $20B on tourism infrastructure as the number of tourist arrivals grows at a rate of 5.9% compounded annually, to reach 3.7 million by '22. With millions of visitors and football fans anticipated in '22, Qatar has planned for the development of several hotels in the next few years. The expected influx of visitors also creates the opportunity for the development of commercial units such as various shopping malls around Qatar. Projects are currently focused on housing, hotels -- 90,000 rooms are estimated -- two stadiums, a new port, roads, metro and rail systems, malls and various other mixed asset developments to accommodate an estimated 400,000 fans. Lusail Real Estate Development Co. is expected to award $3B worth of contracts over the next year for infrastructure and roads as part of developing the new Lusail city. The project is expected to be completed by '19. Additionally, new contracts worth up to $3.3B are expected to be awarded by the end of this year as part of Doha's New Port project (Deloitte).
Premiership rugby side Northampton Saints will enter formal negotiations with its local council over a £5M ($7.4M) loan to "fund the construction of a new north stand that would turn Franklin's Gardens into a 15,500 capacity stadium," according to the PA. The proposed expansion "would take Franklin's Gardens above the minimum capacity requirement" for staging a Heineken Cup quarterfinal. The Saints board has "agreed to submit a full planning application with a view to the new stand being built" in the summer of '15 to capitalize on the Rugby World Cup. Northampton Chair Tony Hewitt said, "By building the new north stand in 2015 we will be ideally placed to reap the rewards of the next Rugby World Cup, which of course has matches being played in Milton Keynes and will see the sport's profile dramatically increase in the area." Northampton Borough Council leader David Mackintosh is "backing the Saints plans" (PA, 7/9).
La Liga side Osasuna's stadium has regained its historic name, El Sadar, at the conclusion of "a sponsorship agreement with the local government under which the stadium had been called Reyno de Navarra in recent years." At the end of '05, Osasuna and the Navarro Government reached a sponsorship agreement that paid the club €1.5M ($1.9M) per season. "Reyno de Navarra" was the name the regional government created to promote tourism in the region (EFE, 7/9). ... Bundesliga club Eintracht Braunschweig "has agreed to a two-year stadium naming-rights deal with former title sponsor Volkswagen Bank." The bank will pay €300,000 ($383,000) annually for the stadium marketing rights. The stadium "will not change its name and will continue to be the Eintracht-Stadion" (NDR, 7/8).