Infrastructure work in Qatar is progressing rapidly in the run up to the 2022 FIFA World Cup, with the Emirate’s Finance Minister confirming they are spending $500 million a week on all projects. These include a new rail network, hotels, roads and stadiums.
By the time the tournament kicks off in 5 years’ time, the country will have spent a staggering £200 billion on infrastructure projects to support hosting the event.
Eight stadiums have been confirmed so far, with the first (the redeveloped Khalifa International Stadium) opening its doors to the public on 19th May for the Emir Cup final. Another seven brand new sports venues will be built, with the final spend on stadiums estimated at £10 billion. Construction is focussing on using modular systems that be dismantled as Qatar won’t need all the capacity after the tournament.
A group of six local insurers is insuring 80% of the policies relating to the construction of the stadiums. The National Insurance Consortium is composed of Qatar Islamic Insurance, Qatar Insurance, Qatar General Insurance & Reinsurance, Al Khaleej Takaful Group, Doha Insurance and Al Koot Insurance & Reinsurance. The capital expenditure insurance contract is under an Owner Controlled Insurance Programme and provides Construction All Risk and Third Party Liability coverage for seven of the eight planned stadiums. French group SCOR Global P&C is underwriting the final 20% of the risk, meaning a mix of local and international expertise.
Thornton Tomasetti offers pre and post loss services in relation to stadium design and construction and has a pedigree in delivering world class football venues, including the 40,000-seat Jeju stadium in Korea for the 2002 World Cup.
Worldwide our stadiums and arenas seat nearly one million people and have hosted the Super Bowl, World Series and NBA championships. All of our sporting projects are listed on our website.