Qatar Makes $65 Billion Bet to Transform Economy for World Cup

The stadium where Qatar will host the 2022 World Cup final isn’t built yet. Neither is the city. Getting the Persian Gulf sheikhdom ready for the world’s most-watched sporting event will cost as much as $65 billion, Merrill Lynch estimates. That’s about $41,000 per person in Qatar, and only 20 percent of them are citizens. — Bloomberg