Effect of the FIFA world cup on Qatar's economy

[mvdheuvel1983]

Qatar hosted the world cup for more than just their economy because they are a very rich nation.
They did it for their image, national pride and pride of the Arab world.
I would like to think that they were like what other nations can do we can do it better. And they sure did.
Granted hosting the world cup may have positively reflected on their economy, but we can agree that they did it to make a statement and write their names in history books. This was the best world ever.

[inthelongrun]

I would not call Qatar's ambitious hosting of the World Cup a losing one. The moment they bid and commit to spending hundreds of billions of dollars means they do not care about financial profit in the specific event. Qatar has the vision to modernize and tries to balance its economy from oil and gas dependence. It wanted to become a tourist attraction like Dubai and a financial hub like Singapore. Tiny Qatar also wanted to play a role in the world, be it in politics, sports, or anything under the sun. Government-owned Qatar Airways is always at the top as the best airline in the world. The new Qatar railway is also one of the best in the world. Al Jazeera is becoming a mainstream channel in many parts of the world.

[AmoreJaz]

Qatar has achieved something great by hosting the world cup and this has brought firm and good relationship with other countries because it will bring private investors to Qatar in the nearest future and this will boost their economy.

I don't think they are bothered about the funds they used to make Qatar meet to the demand of FIFA for them to host the world cup,the country is an oil rich country with small population and the world cup has brought great development to their country in terms of infrastructures and good roads

they can recover those billions of dollars spent in some other ways. now, that they got the attention of the world, that's already their reward from this extravagant event. they will attract more investors and maybe even boost their tourism after this big event. many people are still hesitant going to the arab world because of some horror stories, i guess, in some way, some people will change how they perceive an arabic country like qatar.

[STT]

Direct benefits are hard to justify the cost but to change the context and how people view Qatar could be something that pays dividends for twenty or more years afterwards.  The tourism trade changing would be the most obvious 'echo' to the influx of people this year and I think its easily arguable that tourism figures rise far more then they would have done without all the publicity.    Qatar arguing their right to maintain their own laws and religion within their country is quite different to western countries, thats a conversation worth having and tries to raise common ground despite fairly large differences in culture.   
   Ultimately I consider these large events, Olympics also as a kind of QE program for a country to spend money on infrastructure and probably superior to QE as it at least gives usable assets afterwards where as QE is just a subsidy to finance sectors really.

[teosanru]

A really excellent post showing implications of such highly spent events on a country's economy. Obviously we all know how much has Qatar spent on the world cup how insanely this amount exceeds the amount spend in the previous cups which is absurd. But I think Fifa world cup is still an event which garners a lot of viewership both in stadiums and on Television. Events like Olympics which garner really less viewership when compared to Fifa are an even bigger threat to economies. Especially the fact that stadiums are made for so many sports which are never held again in that very country. Football stadiums can still easily be reused for further tournaments considering it's popularity. I think atleast these events should be hosted at a single place every time by creating an Olympic Village in one country it would save tons of wasteful expenditure.

[bitgov]

Qatar has achieved something great by hosting the world cup and this has brought firm and good relationship with other countries because it will bring private investors to Qatar in the nearest future and this will boost their economy.

I don't think they are bothered about the funds they used to make Qatar meet to the demand of FIFA for them to host the world cup,the country is an oil rich country with small population and the world cup has brought great development to their country in terms of infrastructures and good roads

they can recover those billions of dollars spent in some other ways. now, that they got the attention of the world, that's already their reward from this extravagant event. they will attract more investors and maybe even boost their tourism after this big event. many people are still hesitant going to the arab world because of some horror stories, i guess, in some way, some people will change how they perceive an arabic country like qatar.

The good thing Qatari government did - is taking care of their society and not compromising on those rules.
They have planned to send the stadiums to the underdeveloped countries and buses too.

[n0ne]

Qatar has achieved something great by hosting the world cup and this has brought firm and good relationship with other countries because it will bring private investors to Qatar in the nearest future and this will boost their economy.

I don't think they are bothered about the funds they used to make Qatar meet to the demand of FIFA for them to host the world cup,the country is an oil rich country with small population and the world cup has brought great development to their country in terms of infrastructures and good roads

they can recover those billions of dollars spent in some other ways. now, that they got the attention of the world, that's already their reward from this extravagant event. they will attract more investors and maybe even boost their tourism after this big event. many people are still hesitant going to the arab world because of some horror stories, i guess, in some way, some people will change how they perceive an arabic country like qatar.

The good thing Qatari government did - is taking care of their society and not compromising on those rules.
They have planned to send the stadiums to the underdeveloped countries and buses too.

Qatar being oil rich and had good revenue out of the oil industry doesn't want things to be connected with the FIFA football event. Doing the service to the countries in need is really appreciable. By the time Qatar should also consider about helping the families who lost their beloved ones during the construction of the stadiums.

[Theones]

Most countries that host these events know they are doing it for a huge loss. The country doesn’t really depend on any revenue generated from this. It’s already fairly well off.

This was pretty much discussed a month ago. And most people were surprised by it. However that is just the way these events are done. They are done at a loss.

Qatar is a rich country, I doubt they are waiting on any ROI from the world cup to finance their economy or boost infrastructure, neither were they hoping to win the cup because they as a country are already very aware of the capacity of their players and the position they hold by  world ranking.
They wanted to host the world cup to showcase Qatar to the world differently from the media, and I believe that is their greatest achievement. Not everything is all about money.

correct they are rich people and they have been on giving end all the time. I have seen kids standing at the road side and giving local food to the guests.
the buses are going to Somalia and the stadium are also going to the other underdeveloped countries

[Iroh]

I would not call Qatar's ambitious hosting of the World Cup a losing one. The moment they bid and commit to spending hundreds of billions of dollars means they do not care about financial profit in the specific event. Qatar has the vision to modernize and tries to balance its economy from oil and gas dependence. It wanted to become a tourist attraction like Dubai and a financial hub like Singapore. Tiny Qatar also wanted to play a role in the world, be it in politics, sports, or anything under the sun. Government-owned Qatar Airways is always at the top as the best airline in the world. The new Qatar railway is also one of the best in the world. Al Jazeera is becoming a mainstream channel in many parts of the world.

Qatar has gotten what they had wanted from hosting the World Cup. And in my opinion, that’s the limelight hosting the world cup brings. After now, Qatar, already a tech and business hub, would greatly see an increase in new businesses and investment from foreign entities.
Qatar is already a super rich country, with a good economy. Now that they’re in the limelight, they’ve now gotten some added influence in the world stage as well.
Qatar has great plans and they’re well on their way towards achieving it.