Will Qatar benefit from hosting the FIFA World Cup in 2022?

FIFA World Cup

Compiled by Yash Joshi

The 2022 FIFA World Cup will be held in Qatar, FIFA announced on December 2nd, 2010. The first Arab country to host the World Cup will be the 2 million-person nation of Qatar. Sheikh Mohammed bin Hamad bin Khalifa Al-Thani, the son of Hamad bin Khalifa Al Thani, the then-Emir of Qatar, served as the bid committee’s head. Qatar has received the support of every Arab League member state in its bid to host the competition and serve as the region’s official representative. They promoted their campaign as a chance to reduce the cultural divide between the West and the Arab world.

A World Cup should be held in the 22 nation Arab region, said FIFA President Sepp Blatter in April 2010. According to Blatter, there were just 400,000 residents in Qatar when he arrived, but there are now 1.6 million. There is no question about your infrastructure when you can host the Asian Games (in 2006).

-How much money the last 4 countries spent on the world cup compared to Qatar 

Will Qatar generate revenue from the World Cup?

The four-year cycle of the Qatar World Cup will earn $7.5 billion in revenue, up from the $6.4 billion for the last cycle in Russia (from 2018 to 2022, including an additional five months due to the winter schedule).

Did Qatar build a new city for the World Cup?

When Qatar gained the right to host the 2022 FIFA World Cup, it was a completely different nation. That country is now unrecognizably different. A brand-new metropolis, a cutting-edge metro system, and hundreds of new hotels and residential complexes have all been constructed with an investment of almost $220 billion. Stadiums are one of the most visible problems. For Qatar 2022, seven of the eight sites were completely new construction. According to the government, building them will cost $6.5 billion.

How do countries benefit from hosting the World Cup?

We originally tried to answer the issue of how much mega-sport events genuinely increase tourism more than ten years ago. Our first research, which was released in 2011, showed that, on average, hosting an event like the Olympic Games or the FIFA World Cup increased tourism by 8%. With more than 1 million people anticipated, the event will hasten growth in a variety of industries, including infrastructure and hospitality, and contribute to Qatar’s National Vision 2030. The claim is that visitors from all over the world swarm to the host nation because of the World Cup. The local hotels and restaurants profit as a result, and the economy as a whole is improved.)

Do nations make money from the World Cup?

The quick response is no. The majority of World Cup host nations invest tens of billions in planning, infrastructure development, hotel construction, and other related activities. Most of the time, at least not in terms of actual currency, most of it is not recovered. The World Cup is undoubtedly profitable in some ways, though.