Wednesday 1 June 2011

The Qatar shares hit high two-year win World Cup bid

Qataris celebrate winning the bid to host the 2022 World Cup.

Qatar Exchange index opens 7pc but fell back slightly more later to close 3 6pc - or 292 points - 8,477.32 points.


Real estate Barwa was 6 19pc and Al Khalij Holdings, which is involved in the manufacture of cement, Office 6 2pc as the gas-rich desert Emirate is committed to spend tens of billions of dollars in the construction of stadiums, hotels and infrastructure.


Qatar has promised to build a modern transportation including a Metro system and new facilities hosting with air-conditioned stages.


A producer of major and extremely rich in gas oil reserves, but with a population of only 1.7 m, Qatar has emerged in recent years as a large crowd international sport and cultural events.


It hosted the 2006 Asian Games and will be staged event top football top region, Asia, cutting in January.


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