Economists have predicted that Qatar’s economy will grow by 4.1 percent at the end of 2022.
In other words, the World Cup project is estimated to contribute more than 20 billion dollars to Qatar’s economy. Before the finals, about 9 million people had come to Qatar to watch the World Cup.
Qatar estimated that around 1.2 million people would watch the match live. As France and Argentina have added a flight to Doha for the final, it is estimated that the audience will reach around 1.2 million.
Despite strict rules, including no selling of alcohol in the stadium, the number of spectators has made Qatar very excited.
Economists claim that even if there is no immediate direct profit for Qatar from the World Cup, the economic activity that will be increased by the new infrastructure, the job creation that will be created by it, the project, the tourism that will increase, and the “brand value” that will be increased by the successful project will be of great benefit overall.
Japan and Korea, which hosted the World Cup in 2002, suffered a loss of 5.5 to 9.3 billion dollars, according to a study report. while these two countries were estimated to have a profit of more than four billion dollars.
According to reports published by various international media, all direct income from the World Cup goes to FIFA’s coffers. It has been found that the tax exemption agreement with various companies for the project reduces the benefits to the organizers.
FIFA provides funding for the host nation’s organizing committee, prize money, players, and support staff. Al Jazeera reports that FIFA has earned a whopping $7.5 billion from this year’s Qatar World Cup.
Qatar aims to benefit from the metro, highways, hotels, cities, and other infrastructure built for the World Cup. Doha has been announced as the host city for the 2030 Asian Games.
Along with this, Qatar, which has also invested in various professional clubs in world football, is planning to become a global venue through the successful hosting of the World Cup.
Qatar believes that the infrastructure built now will be useful to compete with cities including Dubai in the Gulf countries in terms of tourist arrivals.
Based on its large reserves and exports of natural gas and crude oil, Qatar is considered to be the fourth largest country in the world in terms of GDP per capita, despite having a population of less than 3 million.
With other countries in the Middle East, the infrastructure currently in place will prove helpful in increasing tourist arrivals, especially sports tourism.
Qatar has already signed a contract to host the Formula One Grand Prix for 10 years. Therefore, Qatar believes that the success of the World Cup will further increase sports tourism.