| Delegations from Almaty and Beijing are delivering key presentations to the IOC this week. Tuesday marked the second day of the so-called technical briefing for IOC members on the 2022 candidate cities. Around the Rings editor Ed Hula says that Almaty 2022 is facing obstacles where accommodations and finances are concerned.
He adds, "They raised this idea that there is a $75 billion sovereign wealth fund in Kazakhstan, funded by the oil/petroleum revenues of the country. Almaty 2022 hopes the $75 billion sovereign wealth fund will be a way to ensure that everything promised in the bid can get done including building hotels and other facilities needed for the Games..............................................Full Article: Source
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