Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Beijing and Almaty make last pitches to stage 2022 winter Games

Published 07/31/2015, 02:09 AM
Updated 07/31/2015, 02:16 AM
© Reuters. International Olympic Committee's (IOC) President Thomas Bach speaks with Director General of Administration Christophe De Kepper during the Almaty 2022 Presentation at the 128th IOC Session in Malaysia's capital city of Kuala Lumpur

By Julian Linden

KUALA LUMPUR (Reuters) - The bidding teams from Beijing and Almaty made their final pitches to the International Olympic Committee (IOC) on Friday, pushing their cases to be chosen as the host for the 2022 winter Olympics.

Beijing, bidding to become the first city to host both the summer and winter Games, presented itself as the safe choice, emphasizing that they have already proven themselves as an Olympic host and have the experience and financial muscle to do it again.

The bid team from Kazakhstan urged the IOC to resist the temptation to go back to China and instead send a positive message to smaller developing countries that they too could host the world's greatest sporting events.

Chinese President Xi Jinping was not present at the Malaysian convention center where the presentations took place, but sent a video message that was broadcast to the 85 IOC members who will vote in a secret ballot to decide the winner, expected to be announced around 10 GMT.

"Let me assure you, if you choose Beijing the Chinese people will stage excellent and extraordinary Games," he said.

Beijing is the clear favorite to win the vote as the IOC grapples with the effects of a global economic crisis and the shifting power-base of world sport.

The four European candidates who originally entered the 2022 election all dropped out of the race, citing concerns about the escalating costs of staging the Olympics and dwindling support at home, prompting the IOC to introduce a raft of reforms to cut costs and attract more bidders in the future.

With only Beijing and Almaty in the running, the IOC is left with a tricky choice.

The Chinese capital is the clear favorite because of its proven track record but Almaty is a better fit with the IOC's new reforms, which advocate less expensive and more sustainable bids.

"Almaty is not a risky choice for 2022," Kazakhstan Prime Minister Karim Massimov told the IOC.

"We are a golden opportunity to show smaller, advancing nations can host the Games, to give athletes the true winter experience they deserve."

Almaty, the second-largest former Soviet oil producer after Russia, also provided assurances that they had the money to pay for the Games and drew heavily on their campaign slogan "keeping it real", a thinly-veiled poke at Beijing's lack of snow.

But China's Sports Minister Liu Peng played down any concerns about lack of snow, saying ski resorts have been operating in the proposed mountain venues for two decades.

"Beijing 2022 will build on our existing snow-making capabilities to supplement snowfall... with minimal environmental impact," he said. "We have a strong experience in organizing winter Games."

Some 85 members of the 100-strong IOC will be voting at the 128th session in the Malaysian capital with a straight majority sufficient to decide the outcome.

© Reuters. International Olympic Committee's (IOC) President Thomas Bach speaks with Director General of Administration Christophe De Kepper during the Almaty 2022 Presentation at the 128th IOC Session in Malaysia's capital city of Kuala Lumpur

The IOC President Thomas Bach has elected not to vote, while a handful of other members, including FIFA president Sepp Blatter, were not present.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.