Qatar is spending more than NZ$680m a week on infrastructure to ready the Arab country for the 2022 FIFA World Cup.
However, Mr Emadi denied that the plans would make the 2022 match the costliest World Cup.
"We are putting $200 billion in terms of infrastructure".
To put that into perspective, Qatar is looking at spending $200 billion by the time the tournament kicks off, which is 19 times more than Russian Federation is projected to spend ($10.7 billion) and 18 times more than Brazil spent ($11 billion).
Qatar's finance minister says a new unified value-added tax across the Gulf Arab countries could come into effect as early as next year as the oil-rich region searches for new sources of revenue. And to do that, Qatar is spending an eye-popping $500 million per week.
"Ninety per cent of the 2022 contracts have already been awarded". The money for the world cup had been protected from the cuts to the national budget caused by low oil and gas prices.
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The 2022 World Cup is five years away but the host is already spending half a billion dollars a week on construction of stadiums, roads, hospital and train stations.
BBC has reported that in 2014 World Cup, Brazil was reported to have spent about $11 billion. Qatar are likely avoiding a repeat of what happened in Brazil, where they had far less work to do, but fell behind schedule and struggled to get stadiums ready in time.
He said two-thirds would be delivered within the next 24 months. The extreme temperatures, high costs and workers conditions have made Qatar one of the most controversial World Cup host nations.
Qatar's government has denied the workers are exploited and in December it implemented reforms created to improve the rights of the migrant workers.
The pressure on the state finances is now easing because of higher oil prices, and Emadi said Qatar might not need to issue worldwide bonds this year.