Opportunity for property investors to participate in supporting tournament delivery

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SC signs MoU with MADLSA to host visitors during Qatar 2022

Opportunity for property investors to participate in supporting tournament delivery

 

The Supreme Committee for Delivery & Legacy has signed a Memorandum of Understanding (MoU) with the Ministry of Administrative Development, Labour & Social Affairs (MADLSA) aimed at providing sustainable accommodation options, along with investment opportunities to property owners who wish to host visitors during the FIFA World Cup Qatar 2022™.

 

The MoU was signed by the Minister of MADLSA, H.E. Yousuf Bin Mohammed Al Othman Fakhroo, and SC Secretary General, H.E. Hassan Al Thawadi, in the presence of representatives from both entities.

 

Al Othman Fakhroo said the agreement would create opportunities for the private sector to support the delivery of the World Cup.

 

“The MoU will contribute to maintaining the national economic stability after the tournament and benefit investors in Qatar,” said Al Othman Fakhroo.

 

“Both parties will collaborate closely to ensure the housing provided supports the delivery of an exceptional fan experience in 2022.”

 

Al Thawadi said the agreement will help Qatar provide sustainable accommodation solutions for fans during the World Cup, eliminating the need to build additional hotels and residential units, thereby avoiding any white elephants. He also highlighted the MoU’s potential to boost Qatar’s economy and provide a boost to the private sector in the lead-up to 2022 and beyond.

 

The Doha Gate Hotel

 

“One of our main objectives is to utilise the existing accommodation for fans when we host the biggest football event in the world in 2022,” said Al Thawadi.

 

“This agreement with MADLSA will help us to fulfil our goal of providing accommodation options to suit all budgets. We will work closely to MADLSA to carefully evaluate the properties to ensure they are suitable for the many visitors we are expecting during the tournament.”

 

Al Thawadi continued: “The agreement will also provide a boost to the local economy and support the continued development of the private sector. It’s an example of the tournament legacy being delivered even before the event kicks off.”

 

Under the MoU, owners will be able to lease their properties to MADLSA for a period of five years. The five-year leases are renewable subject to terms and conditions.

 

The SC and MADLSA will be responsible for evaluating the proposed properties and selecting those appropriate, according to the SC’s accommodation standards.

 

Owners who are interested should visit the following link, where they will find application details, along with the full terms and conditions: https://www.qatar2022.qa/accommodation.

 

Accommodation