Press Release | Doha 2016 Olympic Bid, Qatar to Receive Heavy Investment in Hotel Infrastructure
March 30, 2008 by Sasha Manuel
Filed under Sports Rumors
Doha, 24 March 2008 – Over the next four years, several hotel conglomerates will invest billions of dollars in a series of hotels and hospitality related developments in Qatar. The Four Seasons, Hyatt, Hilton, Intercontinental and other multinational hotel corporations are constructing new properties in Doha to meet the high demand. According to the Qatar Tourism Authority, a total of 22 new hotels will open by the summer of 2008 alone.
Qatar is one of the top five fastest growing economies in the world. As a result, Doha is building new infrastructure at a phenomenal rate. More than USD 100 billion in infrastructure and investment projects will be completed by 2012. The Qatar Master Plan envisions Qatar “as the academic centre, sports centre, and major tourist centre of the Middle East”. To achieve this vision, Doha is expanding its hotel and accommodation infrastructure dramatically and rapidly. By 2016, more than 80,000 rooms will be available, all guaranteed by the Government of Qatar. All of these rooms will be ready well in advance of 2016 regardless of the IOC’s decision for a host city in 2009.
The Chairman of the Doha 2016 Olympic and Paralympic Games Bid, Mr Hassan Ali Bin Ali, said that he is immensely pleased with the growth within the hospitality sector in Qatar and that as a result the country will become a more attractive destination for sports, business and tourism.
For more details, please refer to the attached release.
For further information, please contact:
Severin Roald, severin.roald@bm.com, Press Officer to Doha 2016
Mobile: +974 685 7465
Leon Smith, leon.smith@bm.com, Press Officer to Doha 2016
Mobile: +974 689 8514
