Corporate Rescue and Insolvency, October 2015: The commercial services sector of the Qatar economy is under strain from the financial pressures created by hosting the 2022 FIFA World Cup
SummaryStates that although Qatar has one of the strongest economies in the Gulf Cooperation Council, businesses there suffer from the impact of exceptionally high start-up and operational costs. This commercial environment puts pressure on enterprises and has the potential to generate financial distress and ultimately, to cause insolvencies. With the sharp ramp-up of activity generated by the much debated 2022 FIFA World Cup, a number of factors are making a significant increase in the number of failures more likely. Companies are being assailed by increased competition, the saturation of certain business sectors and inflationary pressures in a region not well used to dealing with the resultant financial pressures.
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