Qatar To Make $20 Billion Bump To Economy For Hosting 2022 World Cup

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Stadium construction accounts for a small fraction of the infrastructure spending that it’s undertaking ahead of the event; other projects include a metro system, an airport expansion, and the construction of a new city. Bloomberg Intelligence pegs the total value of all these building plans at $300 billion.


Organizer of Qatar 2022 World Cup has said that the country will make a whooping $20 Billion from hosting the World Cup.

According to Bloomberg, the country is said to have committed  $300 billion to build new city, stadium, and metro station — and expanded its airport — in anticipation of the world’s greatest soccer spectacle.

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Head of the Qatar’s organizing committee for the event, Hassan Al Thawadi, told Bloomberg that the World Cup can “accelerate a lot of the initiatives the government has already committed to … whether that’s in terms of urban development or economic diversification.”

“We anticipate the contribution to the economy essentially would be around about $20 billion,” said Hassan Al Thawadi, Secretary-General of the Committee for Delivery and Legacy that’s building the infrastructure behind the 2022 World Cup. The sum is equivalent to about 11% of the country’s gross domestic product in 2019.

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The analysis is the result of “a very high-level study,” he said, adding that more detailed projections won’t be known until after the event takes place in November and December of 2022. However, the construction and tourism industries are expected to be top beneficiaries, Al Thawadi said in an interview that will air in full during next week’s Qatar Economic Forum.

Qatar is trying to use the tournament to showcase its rapid expansion from a small pearl-diving enclave to Gulf metropolis and transit hub. Stadium construction accounts for a small fraction of the infrastructure spending that it’s undertaking ahead of the event; other projects include a metro system, an airport expansion, and the construction of a new city. Bloomberg Intelligence pegs the total value of all these building plans at $300 billion.

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The Qatar Ministry of Commerce and Industry, Investment Promotion Agency Qatar and Media City Qatar are underwriters of the Qatar Economic Forum, Powered by Bloomberg.

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Al Thawadi, who’s been involved since the effort to secure hosting rights almost a decade ago, said the World Cup is “meant to serve as an engine to push forward and accelerate a lot of the initiatives that the government has already committed to, already had planned, whether that’s in terms of urban development or economic diversification.”

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