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Tokyo expected to ramp up investment following Olympic victory | 9 September 2013

Tokyo expected to ramp up investment following Olympic victory | 9 September 2013

Tokyo could be set for a huge influx in commercial property developments after it was awarded host city status for the 2020 Olympic and Paralympic Games.

Over the weekend, the International Olympic Committee (IOC) decided to award the 2020 Games to Tokyo, choosing it above other shortlisted cities, Istanbul and Madrid, bbc.co.uk reports.

The Japanese capital had been the predicted choice for the Games since the shortlist was announced, although late surges from the other shortlisted cities appeared to open the field right back up again. Eventually, however, the slick and expensive campaign paid off with Tokyo being selected after beating Istanbul by 60 votes to 36.

Despite the celebrations, however, Tokyo now has to turn its attentions to serious matters, which may include numerous large-scale infrastructure projects to not only house sporting events but also the cultural and business opportunities which take place when the world’s premier sporting event comes to town.

It will also need to turn attention to allaying of fears that the Fukushima Nuclear Power plant, which is situated just 150 miles from the city, will not have any detrimental effect on the athletes, tourists and businesspeople set to head over to Japan over the course of the Games.

Speaking of the issue, Japanese prime minister Shinzo Abe told the IOC: “There are no health related problems until now, nor will there be in the future,” nydailynews.com reports.

“I make the statement to you in the most emphatic and unequivocal way.”

The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.

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Posted by Matt Roobol

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