Qatar Football World Cup: FIFA World Cup 2022 will showcase the country's power

According to the FIFA World Cup 2022, economists are asking a lot of questions about the level of impact of the competition on Qatar's economic performance over the medium to long term, due to the expected efficiency of the Qatari economy with a lot of research international institutions and institutions, despite the current global problems, the slowdown in economic growth and inflation are unprecedented.

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Despite the negative predictions of the global economy, Qatar's economy is heading for another, according to the International Monetary Fund, which recently predicted that Qatar's economic growth rate will reach 4.9%, supported and driven by several key factors features, most important of which are the ever-increasing price of gas and the hosting of the Qatar World Cup 2022.

According to the recently announced official figures, direct financial revenue for organizing the FIFA World Cup 2022 is estimated at QR8bn ($ 2.2bn), while long-term economic revenue, for the period 2022 to 2035 is estimated at QR9.9bn ($ 2.7bn), amid high expectations for tourism, which is expected to rise during and after the Football World Cup.

In this context, HE Chairman of the Qatari Businessmen Association, Sheikh Faisal bin Qassim al-Thani, in a statement sent to the Qatar News Agency (QNA), stated that since the announcement that Qatar will host the Qatar Football World Cup, the government, in partnership and the private sector, has been working hard to complete infrastructure and other infrastructure projects.

He described the Qatar World Cup 2022 as an opportunity to achieve the goals of Qatar National Vision 2030 and said more than $ 200bn had been spent on basic services such as roads, bridges, ports, airports, metro, housing, tourism, and leisure, and this infrastructure will turn out to be profitable after the completion of the upcoming tournament.

The FIFA World Cup will be a strong point for attracting foreign investors, which is what we are currently working on ahead of us abroad, and highlighting Qatar, adding that this will signal the country's future as a viable investment and tourism destination to promote competitive challenges.

Sheikh Faisal bin Qassim al-Thani has ruled that Qatar's economy will recover from the recession following the FIFA World Cup 2022, especially considering the ongoing implementation of Qatar Vision 2030-related projects, stating that spending on World Cup projects increases GDP by -1.5%. For more to know about Qatar World Cup tickets Click here.

Economist Dr. Abdullah al-Khater confirmed that Qatar's impact on the Qatar World Cup 2022 began to be felt since the announcement in 2010, by combining the decisions of decision-makers and the various sectors in the country to achieve a common goal. The government has introduced projects in various sectors in the past, with spending rates reaching $ 500mn a week, he said.

The impact of built infrastructure will not only end during the FIFA World Cup but will extend beyond that, especially considering the introduction of major projects in the liquefied gas industry and what this means for the provision of financial services which can be used to divide the state economy.

He noted that the aviation and hospitality industry would benefit greatly from the country's most prestigious sports events, stressing that the result would continue after the event, as it would increase the country's positive image, and this meant an increase in numbers tourist travel and additional use of the airline Qatar Airways, which occupies a prominent position among international airlines.

Reports confirm that such benefits are evident when assessing previous World Cups, especially the one in 2006 in Germany, which contributed to increasing its global production from 7th to No. 1. Thus, the FIFA Qatar 2022 World Cup will reportedly play a similar role as the FIFA World Cup in Germany by highlighting the types of large Qatari companies.

Various reports indicate that effective management and marketing of government products will contribute to the creation of long-term commercial value beyond its role in driving overall product growth for more than 25 years. Apart from the products, tourism will also have a share in the benefits of the competition. The number of followers in Qatar will increase from 1.2 to 1.5 million fans.

With this will Qatar have the opportunity to provide its guests with specialized information and ensure that they visit again, which will lead to higher tourism revenue in the years following the World Cup? Al-Khater said the World Cup would be Qatar's gateway to broader growth in various economic and social sectors and would contribute to spreading Qatar's image around the world. For more to know about Football World Cup tickets Click here.

Economist Saeed Khalil al-Absi emphasized that the World Cup would be an opportunity for the international community to see Qatar's skills and knowledge in organizing a major sporting event, which will further strengthen trust in Qatar's cooperation in various fields and open the doors to export the experience gained by Qatari companies in many areas related to the organization of the event, especially in the field of infrastructure, as well as hotel and hospitality.

Qatar's infrastructure prepared for the World Cup will play a key role in achieving the sustainable development goals enshrined in Qatar National Vision 2030 as it will have direct and indirect thinking about the return on a trade, transport, and services, in addition, to promoting Qatar as the capital of international sports.

Related special events such as training and rehabilitation centers for sports teams before the start of the sports season and during breaks, in addition to medical and other visits, al-Absi explained. He added that Qatar hosting millions of visitors is a great opportunity to highlight its role and the progress it has made over the years in various fields, and it is also a great opportunity to introduce Qatar to the world, its position, and its great achievements.

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Qatar Football World Cup: FIFA World Cup 2022 will showcase the country's power

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