Effect of the FIFA world cup on Qatar's economy

[Alpha Marine]

Qatar spent over $200 billion preparing to host the FIFA 2022 world cup. They spent that money on constructing roads, airports, public spaces, stadiums, gas stations, and more. They constructed seven new stadiums and renovated one to make it eight stadiums for the world cup. The cost of building these stadiums has been estimated to be $6.5 billion. They spent $36 billion to construct the Doha metro, and for the Pearl accommodation complex, they spent $15 billion.
While FIFA takes home most of the profit generated from TV rights, ticket sales, and sponsorship deals, it is estimated that FIFA will make $17 billion from the tournament.

There will most likely be an oversupply of some of the infrastructure, especially in real estate. It won't be the first time though. The Maracanã stadium in Brazil was abandoned after the 2014 world cup.

1.5 million people were in Qatar for the tournament but as stated earlier, 100% of the ticket sales go straight to FIFA’s coffer. About $4.6 billion was made from broadcasting and marketing rights and all of that goes to FIFA. During the tournament, FIFA covers most of the cost of running the world Cup but they pay about $1.7 billion to Qatar, the prize for teams that participated in the tournament is included in this money which is $440 million.

Since there were 1.5 million visitors in the Gulf country for the tournament, there will be a positive cash flow in tourism sales for hotels and restaurants and an increase in the sales of souvenirs and other consumption in general. The increase in investment and consumption should increase the taxes in the Qatar state budget but with the enormous tax breaks agreed with FIFA and its sponsors Qatar will not make much from that either. The exact loss on tax revenue is impossible to ascertain.

From November 1 till the end of the world cup, people without a match ticket were not allowed into Qatar, which means non-world cup tourists did not contribute to the GDP of Qatar through consumption. Other decisions were made that did not contribute to the cash flow. For example, from November 10th to December 23 the bus and metro access was free of charge for people with a Hayya card. This is a fan ID that allows ticket holders entry into Qatar and the stadiums.

Putting these into perspective, we can say that the FIFA 2022 world cup is not profitable to Qatar. In the short term, where most of the cash flow goes to FIFA, it does not make financial sense for Qatar to host the world cup.

On the other hand, for a country like Qatar, getting money from the world cup was never a goal for hosting the world cup, for obvious reasons. They're a small country with an abundance of money. They did all these based on the national vision 2030 plan. The plan includes improving the country's standard of living and its international relations

Not only does the vision 2030 plan include hosting the world cup and improving the standard of living while also improving international relations, but Qatar also plans to attract future sporting and cultural events. This is evident in the fact that Doha has been chosen as the host city of the 2030 Asian games. With the infrastructure they now have, they are in a pole position to bid to host other sporting competitions.
Five out of the eight stadiums constructed for the world cup will either be dismantled or converted for alternative purposes.

While for FIFA, short-term profit is a goal, the same cannot be said for about a country like Qatar.
They can afford to shoulder the losses incurred from hosting a world cup.
The fact that Qatar is not making financial profit from hosting the world cup, doesn't mean they have nothing to gain from it
Qatar's public debt will decline by 6.8% over the next four years. The infrastructural project will lead to positive cash flow in tourism, investment, consumption, employment, etc. The aim of all these is to reduce the over-dependency of Qatar on oil and gas. This will create new opportunities in other industries.

According to experts, Qatar's GDP will rise by 4.1% by the end of 2022. And will increase by 3.2% from 2022 to 2030.
Qatar's stock exchange (QSE) also increased up to 24% from the beginning of the year til mid-2022.

Aside from the fact that Qatar spent an absurd $229 billion in preparation for the world cup, none of these is a big surprise. For a host country, a world cup is not solely about making money and profit but about pride, honor, and publicity, and Qatar has achieved that, especially publicity because they just hosted what is arguably the best world cup ever.

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[dansus021]

most of the media talk that qatar is overspent for FIFA, in my opinion its also big yes. even tho the Qatar is one of wealthiest country and after i watch some blog post that

"The economic benefits from hosting sporting mega events are often limited and far smaller than initially predicted. Predictions in the run up to Qatar 2022 claimed that hosting the FIFA World Cup would bring in $17bn to the local economy. One reason for this is attributed to the large increase in sports tourists arriving to watch the event." - https://www.ntu.ac.uk/about-us/news/news-articles/2022/12/expert-blog-will-the-fifa-world-cup-in-qatar-bring-economic-prosperity-to-the-middle-east

I think make it 200$ billion investment back is need of time the BEP itself maybe take more than 5 year

[Die_empty]

One of the positive impacts of hosting the world cup is that it promotes infrastructural development and tourism. Host nations usually ensure that there are adequate basic amenities that would be beneficial after the world cup. Another good part of hosting the world cup is that it promotes tourism which would attract foreign revenue and increase employment opportunities. It also introduces the host country to the world and can attract foreign investment.

But hosting the world cup also has its negative effect. Sometimes in a bid to host the world cup, some nations borrow or take loans, like in the case of Brazil in 2014. These nations would have to service this debt with their meager resources. Some of these infrastructures that were built become a waste of resources after the world cup because they were not well-planned or situated. In the case of the $900m Estádio Nacional de Brasília Mané Garrincha in Brazil that now serves as a bus parking lot.

It is also important to note that there is no significant relationship between hosting the world cup and economic growth. Hence, there is no guarantee that a host would economically benefit from the hosting of these games. Analysts unveiled that hosting the world cup had no long-term positive impact on the economy of both South Africa and Russia. Qatar might be different but it takes a lot of hard work to convert this short economic prosperity to a lasting one.

[coupable]

When I note the conditions of this session of the World Cup football compared to other sessions. What I see most distinguishes Qatar is its small size and that the stadiums are close to each other in a way that allows one fan to attend two matches of two teams that are not from the same group (first round groups).

[Davian144]

When I note the conditions of this session of the World Cup football compared to other sessions. What I see most distinguishes Qatar is its small size and that the stadiums are close to each other in a way that allows one fan to attend two matches of two teams that are not from the same group (first round groups).

That is one of several effects that Qatar can see and feel, because when there are many visitors or spectators who come to different stadiums at one time, it is clear that the revenue can increase. But if we look at the wider economy, especially for Qatar itself, it is the promotion of the state of Qatar which is already very advanced to the outside world and according to a news source that I have read,

that It really advances many medium term development projects that the country has and in many cases, many projects that would have been completed over a decade are already completed to showcase Qatar progressing during the World Cup, The World Cup advantage in QSE is expected to continue into next year as well, mainly from construction, real estate, tourism, and retail spending flowing to listed companies and the wider economy as a whole.

"Specifically, Qatar's goal is to use this event as a springboard to showcase its offerings, and hopefully increase international tourist arrivals from 2.1 million in 2019 to 6 million annually by 2030," said Saugata Sarkar, head of research at QNB Financial Services. _{Reference: [aljazeera.com]}

[Sithara007]

Qatar spent around $290 billion to host the 2022 World Cup. If they are ready to spent that much, then obviously they are not looking at the ROI. Qatar is not a major tourist destination, and in the future also the situation is going to remain the same. Even some of the infrastructural facilities that they have constructed will sit idle in the future. We need to remember that Qatar is a small country with just around 313,000 citizens (and an additional 3 million expat workers). Unless the population goes up by 10x in the near future, most of this $290 billion will go to waste.

[Bttzed03]

~

"Specifically, Qatar's goal is to use this event as a springboard to showcase its offerings, and hopefully increase international tourist arrivals from 2.1 million in 2019 to 6 million annually by 2030," said Saugata Sarkar, head of research at QNB Financial Services. _{Reference: [aljazeera.com]}

Looking at their tourist Visa requirements, it's likely that they can achieve or surpass that goal. Citizens from over 90 countries can visit Qatar and stay there for 30 to 90 days visa-free.

[mindrust]

Qatar is already a very rich country. They didn't host WC to make more money because they don't need money. Actually they lost money because of this event. If I remember right this was the most expensive world cup ever hosted. ($200 billion) There is no way Qatar can generate more than $200 billion to make up for the losses.

They might have lost money but they gained something else, they become more visible in the world. Now more people know about this small rich country. That was the biggest reason why they spent so much money on an organisation which they don't even like.

[adaseb]

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.

[Alpha Marine]

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.

The amount Qatar spent is what's a shocker. Prior to the 2022 world cup no country has ever spent up to $20m to host the world cup. I've seen different report the highest I've seen in any of them is $19 billion by Brazil in 2014. So going all the way to over $200 billion is questionable even for Qatar.

[pooya87]

Qatar's profit from FIFA world cup was never monetary although they still made good amount of profit from it. The main goal was to introduce their country to the world and both attract more tourists and more immigrants. It is interesting to know that nearly 90% of the small population of Qatar is not Qataris! They are foreigners who go there to work and some to live. For example out of the total 3 million people in Qatar, about a million are from India and Bangladesh (that's 1/3 of the population).
After the World Cup and how they introduced their country to more people, they hope to increase it further and diversify their population.

[oaz7t]

So they have not made any profits from this event? I thought they might have made the profit right from the visits of fan clubs, food sales, alcohol, travel/commute and much more. Millions of people were there right? Isn't the event long enough to generate a good amount of money for money For Qatar? Wow, I am surprised with the projections of Qatar and their expenditure. Nonetheless they will recover quickly if they have not. Maybe they just enjoyed hosting the world's most loved event and wanted to entertain themselves? Considering the country's wealth it might have been a side hustle for them.

[Fortify]

Qatar spent over $200 billion preparing to host the FIFA 2022 world cup. They spent that money on constructing roads, airports, public spaces, stadiums, gas stations, and more. They constructed seven new stadiums and renovated one to make it eight stadiums for the world cup. The cost of building these stadiums has been estimated to be $6.5 billion. They spent $36 billion to construct the Doha metro, and for the Pearl accommodation complex, they spent $15 billion.
While FIFA takes home most of the profit generated from TV rights, ticket sales, and sponsorship deals, it is estimated that FIFA will make $17 billion from the tournament.

There will most likely be an oversupply of some of the infrastructure, especially in real estate. It won't be the first time though. The Maracanã stadium in Brazil was abandoned after the 2014 world cup.

1.5 million people were in Qatar for the tournament but as stated earlier, 100% of the ticket sales go straight to FIFA’s coffer. About $4.6 billion was made from broadcasting and marketing rights and all of that goes to FIFA. During the tournament, FIFA covers most of the cost of running the world Cup but they pay about $1.7 billion to Qatar, the prize for teams that participated in the tournament is included in this money which is $440 million.

Since there were 1.5 million visitors in the Gulf country for the tournament, there will be a positive cash flow in tourism sales for hotels and restaurants and an increase in the sales of souvenirs and other consumption in general. The increase in investment and consumption should increase the taxes in the Qatar state budget but with the enormous tax breaks agreed with FIFA and its sponsors Qatar will not make much from that either. The exact loss on tax revenue is impossible to ascertain.

From November 1 till the end of the world cup, people without a match ticket were not allowed into Qatar, which means non-world cup tourists did not contribute to the GDP of Qatar through consumption. Other decisions were made that did not contribute to the cash flow. For example, from November 10th to December 23 the bus and metro access was free of charge for people with a Hayya card. This is a fan ID that allows ticket holders entry into Qatar and the stadiums.

Putting these into perspective, we can say that the FIFA 2022 world cup is not profitable to Qatar. In the short term, where most of the cash flow goes to FIFA, it does not make financial sense for Qatar to host the world cup.

For some nations they have more money than sense and this was never meant to be an economic boost for Qatar. It was simply intended to showcase their country to the world, which they did but it seems to have backfired in many ways because it showed how intolerant they are as a country and probably put any decent people off from visiting in future. However they have so much oil money it was simply a drop in the bucket, these huge stadiums will now no doubt go to waste or at least be heavily under utilized in future. Instead of putting this huge sum of money into something more productive like a sovereign wealth fund, they decided to fritter it away on a trophy project instead.

[naira]

Qatar will not care about spending or positive impact after the world cup. Because they are already the richest country and with the amount of income from the results of the world cup which may not be enough to cover. In my opinion, Qatar from the start just wanted to entertain and show the world that Qatar is capable of providing super luxurious, friendly and memorable services for visitors.

After the world cup was over and the visitors returned to their homes, many places were now abandoned. Among them, lodging and tourist attractions are now seen to be left alone. Behind the splendor of the world cup in Qatar, we will see cities that were originally bustling with people from all over the world become deserted. But once again Qatar already has sufficient financial resources.

[NotATether]

Looking at their tourist Visa requirements, it's likely that they can achieve or surpass that goal. Citizens from over 90 countries can visit Qatar and stay there for 30 to 90 days visa-free.

It doesn't make sense to me that they should block entry to non-matchgoers. Don't they have enough hotels and apartments to go around for them, after the matchgoers are considered?

[Findingnemo]

AFAIK, Qatar wanted to host this world cup mainly to bring a Pride for their nation among other middle east countries because they were suppressed by other governments in many ways so they throw any amount of cash to this Fifa tournament.

And surely this will be a good long term investment for tourism in their country. I read an article about the planning of their statium was designed in a way to reuse some of the parts for other purposes because they designed with detachable infrastructure so it won't be same like what happened to Brazil stadium.

[Marvell1]

Qatar spent around $290 billion to host the 2022 World Cup. If they are ready to spent that much, then obviously they are not looking at the ROI. Qatar is not a major tourist destination, and in the future also the situation is going to remain the same. Even some of the infrastructural facilities that they have constructed will sit idle in the future. We need to remember that Qatar is a small country with just around 313,000 citizens (and an additional 3 million expat workers). Unless the population goes up by 10x in the near future, most of this $290 billion will go to waste.

Similarly to you, I think they have spent an enormous amount of money and cannot get a return of their initial capital, let alone make a profit off of it. Obviously, their goal is not profit they want the world to know about them, about their culture, country, and people, I think that is what they are aiming for. A small country with and small population, but they are known as one of the wealthiest players in the world, so it is not surprising that they do not need the money.
The organization of the largest football event on the planet should not be viewed as a business festival, but unfortunately, it is gradually becoming apparent when all countries want to host it for that reason.

[hugeblack]

I have watched some World Cup activities and the fact is that our country (we live near Qatar) has spent billions of dollars to introduce the Emirates to the world, however, Qatar has done so quickly by hosting the World Cup.

As for the losses, I do not think that they will constitute a problem. Qatar leads the world in liquefied gas, and it will witness global demand, especially in the next year, and therefore Qatar will compensate for all the losses.
On the one hand, the infrastructure has developed rapidly in recent years, some stadiums will be dismantled and presented as gifts to some countries, airports and hotels have been developed and thus will accommodate any number of tourists.

[Davidvictorson]

Aside from the fact that Qatar spent an absurd $229 billion in preparation for the world cup, none of these is a big surprise. For a host country, a world cup is not solely about making money and profit but about pride, honor, and publicity, and Qatar has achieved that, especially publicity because they just hosted what is arguably the best world cup ever.

Yes, it is true. They didn't do it for the money because the money is actually insignificant. I want to believe that their principal aim of hosting the world cup was establishing themselves as a popular tourist attraction and, in a sense, purchasing people's adoration rather than being financially successful. They did everything they could to alter how others see them.

[stompix]

Qatar spent over $200 billion preparing to host the FIFA 2022 world cup. They spent that money on constructing roads, airports, public spaces, stadiums, gas stations, and more. They constructed seven new stadiums and renovated one to make it eight stadiums for the world cup. The cost of building these stadiums has been estimated to be $6.5 billion. They spent $36 billion to construct the Doha metro, and for the Pearl accommodation complex, they spent $15 billion.

So if Jakarta which is ranked at the top in traffic congestion, has about 33 million poeple in the metro area decided to host some Olympics or World tournament and build another metro line at the same time, it will count as a thing they did just for FIFA, right?   

$6.5 billion to $10 billion: The range of estimates on how much Qatar spent to build seven soccer stadiums for this year’s World Cup.

That's how much they've spent for the stadium, the rest is on infrastructure that most likely would have been built even if there would have been no world cup hosted ever. They've just taken the whole amount spent on infrastructure in the last 10 years and declared this was for the world cup, completely ignoring that other countries that have nearly the same characteristics,  like Singapore, are also spending insane amounts on those, Singapore spends 30 billion a year in infrastructure and has just issued another round of 90 billion for the exact same thing that is booed in Qatar, subway, rail, and many others.

For real now, they've included in these 200 billion even the sum spent on a new hospital!!!!

[Alpha Marine]

It doesn't make sense to me that they should block entry to non-matchgoers. Don't they have enough hotels and apartments to go around for them, after the matchgoers are considered?

I don't think they have enough hotels and apartment to contain everybody coming into the country during the world cup. Many guest stayed in Dubai, Kuwait and I think Saudi Arabia too. Some even stayed on big cruisers because the accommodation capacity was not enough to contain everybody. Then there is the fact that FIFA has booked hotels for players, guest and officials.

[el kaka22]

Qatar didn't do any of this for infrastructure or better life or anything else like that, they did it to look cute to west and nothing more. You have to understand, when there is so much purchasing power, there is a political power as well. Europe and Canada and USA are nations that spend a lot of money, or at least have a lot of money and they had it for a long time, considering how far they go, we are talking about at least a thousand years.

So, when we are talking about "the west" you are either supporting it or against it, Russia for example is in a war with it, and nations such as Saudi Arabia or Qatar want to look cute to west so they would not be attacked like they did to Iraq or Afghanistan.

[JoyMarsha]

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.

If that's the case, why would a country bribe its way into FIFA to host the World Cup? While they would apparently lose after hosting the World Cup, so what would motivate them to do that? Is it for popularity or what? Cos I don't understand

I find that hard to believe because the majority of the world cup hosts that I am familiar with, South Africa, Brazil, and Russia recovered their costs and even made money after hosting the event well.

[Anonylz]

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.

[trendcoin]

I think that they knew that they would not be able to recoup the money spent on infrastructure investments immediately during the tournament. Do you think otherwise? Infrastructure investments contribute to a country's economic and social development and do not provide immediate returns. These types of investments are long-term investments. I think they knew that... Also, Qatar gained great prestige by organizing this tournament. They gained an invaluable prestige by hosting the World Cup, a tournament that had almost never been played outside of Europe and America, in one of the world's toughest regions. It will be remembered for years to come. The cost of hosting the biggest organization of the world's most watched sport is immeasurable...

[uneng]

We have to separate facts and reality from propaganda. The projections made regards Qatar growment on the upcoming years are theories. What I keep in mind is that every nations which host World Cup event use the same arguments to justify the astonishing and massive investments for the event, while basic areas of the country are precarious. I really don't buy the idea a World Cup benefits the host country on long term, and actually, FIFA doesn't give any importance to it. Their only concern is to profit more than on the last edition, what they achieved nicely in Qatar with a profit of 7,5$ billion dollars, superior to the russian edition in 2018, while the host country (or its citizens, to be more accurate) remains beyond with loans and debt to be paid.

For Qatar I think the only positive effect was to increase its awareness in the world. Many people didn't know about the existence of this country and now they know.

[Iadegbola34]

Qatar hosting the world cup wasn't all about the money all along. Qatar is an abundantly rich nation, even though it may appear to be a financial loss when you ratio the amount spent to the profit gained but it's not. They've only just invest and the yield of their investment will be massive in few years to come.

They've done a great job in bringing exposure from all over the world to their country and the ripple effect of that exposure will bring more people to their country from tourists to investors to all kinds of taxable products and services that are currently not in operation. And as such, they will eventually make profits in the long run.

[n0ne]

Qatar hosting the world cup wasn't all about the money all along. Qatar is an abundantly rich nation, even though it may appear to be a financial loss when you ratio the amount spent to the profit gained but it's not. They've only just invest and the yield of their investment will be massive in few years to come.

They've done a great job in bringing exposure from all over the world to their country and the ripple effect of that exposure will bring more people to their country from tourists to investors to all kinds of taxable products and services that are currently not in operation. And as such, they will eventually make profits in the long run.

Qatar being rich out of its oil wealth was in need of recognition and fame. Hosting the world cup Qatar achieved it. Qatar have spend big on hosting the 2022 world cup and the same have caused big flow of economy into the country. I'm not sure how far the same works as the world cup have got completed.

[Iadegbola34]

Qatar being rich out of its oil wealth was in need of recognition and fame. Hosting the world cup Qatar achieved it. Qatar have spend big on hosting the 2022 world cup and the same have caused big flow of economy into the country. I'm not sure how far the same works as the world cup have got completed.

I'm sure hosting a very interesting world cup as this is the start of the much needed exposure they are looking forward to. Different sport events will get hosted at intervals and that will improve their international relations with other nations. The positivity that relationship with other nations will bring can also be an ROI of the money they spent.

[S A KHAIR]

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.

If that's the case, why would a country bribe its way into FIFA to host the World Cup? While they would apparently lose after hosting the World Cup, so what would motivate them to do that? Is it for popularity or what? Cos I don't understand

I find that hard to believe because the majority of the world cup hosts that I am familiar with, South Africa, Brazil, and Russia recovered their costs and even made money after hosting the event well.

Yes, maybe only qatar is the only case, the country does not need profit when receiving the right to host the World Cup, the rest of the countries they see it as a business opportunity, making money for the country. Qatar has nearly 300 billion dollars, this is the largest number ever, and just looking at it is enough to show that they do not need a few billion dollars in profits.

[chrisculanag]

We can truly say that Qatar's hosting of the FIFA World Cup has had a positive impact. Due to the big event happening, the name of Qatar has increased not only because they host a big event but also because of their preparation that made the tourists who will attend FIFA happy. Another thing is the increase in the income rate of their country and they have done many infrastructure projects. It is not easy to be the host of such events so it is necessary to prepare well for this most beautiful event and ofcourse the income of the country.

[Theones]

We can truly say that Qatar's hosting of the FIFA World Cup has had a positive impact. Due to the big event happening, the name of Qatar has increased not only because they host a big event but also because of their preparation that made the tourists who will attend FIFA happy. Another thing is the increase in the income rate of their country and they have done many infrastructure projects. It is not easy to be the host of such events so it is necessary to prepare well for this most beautiful event and ofcourse the income of the country.

Qatar is a rich country and there is nothing they can do solely - they have immigrants who take care of all the things but obviously the heads are Qatari.
For example Qatar air force whole infrastructure is done by the Pakistan air Force. but people love working for them because they get good money in return - they work and come back to their native country that is how Qatar deals with labors.

[og kush420]

Qatar spent around $290 billion to host the 2022 World Cup. If they are ready to spent that much, then obviously they are not looking at the ROI. Qatar is not a major tourist destination, and in the future also the situation is going to remain the same. Even some of the infrastructural facilities that they have constructed will sit idle in the future. We need to remember that Qatar is a small country with just around 313,000 citizens (and an additional 3 million expat workers). Unless the population goes up by 10x in the near future, most of this $290 billion will go to waste.

That is so right - they are oil producing country and they are rich people. They are also going to donate the stadiums to the poor developing countries and they and also going to send the buses and other stuff to the struggling country .  . what they aimed for - was success and positive image of Qatar being a muslim country and they did it right!

[ringgo96]

Qatar's economic influence during the world cup was very large, especially in the infrastructure sector, even though the funds spent were so large, the benefits they got were very large and most importantly they were able to finish well, and they could also promote interfaith harmony which was previously widely thought negative towards Islam but when tourism attacks the country all the notions of terrorism are not what they think.

[Google+]

I don't think they have enough hotels and apartment to contain everybody coming into the country during the world cup. Many guest stayed in Dubai, Kuwait and I think Saudi Arabia too. Some even stayed on big cruisers because the accommodation capacity was not enough to contain everybody. Then there is the fact that FIFA has booked hotels for players, guest and officials.

Apart from those who have to live on their own cruisers, what is clear is that Qatar's state income generally increases when the world cup rolls around and the effect is that Qatar will experience an increase in income in 2022 through the world cup. This is of course very good for the country and so far Qatar is also not a country that has problems in terms of the economy so that Qatar always looks more advanced in this world.

[YOSHIE]

Indeed every country wants to host the World Cup which will have an impact both in terms of patterns or the economic sector for that country, but the facts are different from Qatar, the 2022 world cup, Qatar, as far as I know, has been crowned as the largest recorded economic country in the Middle East. I understand that Qatar is currently the world's oil king, this country has an economic advantage of 6.3% compared to other countries.

As we know Qatar is the prima donna that much is talked about by the world regarding pouring out the largest economy yesterday through 200 billion US dollars, a fantastic fund in the history of the world cup, In my opinion, there was no economic impact financially for Qatar yesterday. If you look at it theoretically, Qatar will produce the largest economy in the 2022 World Cup, no that's not it, only based on interests or something based on ego wanting to show the world that Islamic countries can do as European countries do and at the same time show hospitality and glory for Islam to non-Muslims, proven, Funds are not a big problem for Qatar. Tolerance between religions is the basis of the goal placed by Qatar as the host of the world cup yesterday, that is my understanding if studied in theory.

[Leviathan.007]

I'm not sure about according to what we can see there are many people who go to Qatar to watch the games and during this time they surely bought some food and other stuff like that which can bring more demand to the Qatar markets also they used many services like hotels and restaurants and some of these services are provided by the government the profits will go directly into the pocket of their government, so I'm sure if Qatar investing money to build stadiums they also got good profits from the world cup.

[bitgov]

I'm not sure about according to what we can see there are many people who go to Qatar to watch the games and during this time they surely bought some food and other stuff like that which can bring more demand to the Qatar markets also they used many services like hotels and restaurants and some of these services are provided by the government the profits will go directly into the pocket of their government, so I'm sure if Qatar investing money to build stadiums they also got good profits from the world cup.

I dont think profit was one of the main aims of Qatar ... They are now going to dismantle the stadiums and will dispatch it to the underdeveloped countries. They are donating buses to the poor countries and so on an so forth. They are rich people and they don't care for the profits. Have they had cared for the profit they would not have banned alcohol and would have earned so much money form the alcohol manufacturers

[Iroh]

Infrastructural investments slowly and steadily recoups the money sunk into it. It’s a slow and steady process but definitely, you would get your returns.
Qatar obviously knew that they couldn’t recoup all monies spent on those magnificent stadiums just yet. And it was obvious to me on why they yearned to host nations of the world coming over for the World Cup. They are looking for the limelight and a bit of more relevance in the world stage.
They’ve gained world recognition by organizing and hosting the World Cup. The first ever in the Middle East. Who would have thought!!

That spotlight is now likely to attract new people and organizations looking to invest, thereby tremendously boosting their economy starting with the tourism and hospitality industry.

[coupable]

As we know Qatar is the prima donna that much is talked about by the world regarding pouring out the largest economy yesterday through 200 billion US dollars, a fantastic fund in the history of the world cup, In my opinion, there was no economic impact financially for Qatar yesterday. If you look at it theoretically, Qatar will produce the largest economy in the 2022 World Cup, no that's not it, only based on interests or something based on ego wanting to show the world that Islamic countries can do as European countries do and at the same time show hospitality and glory for Islam to non-Muslims, proven, Funds are not a big problem for Qatar. Tolerance between religions is the basis of the goal placed by Qatar as the host of the world cup yesterday, that is my understanding if studied in theory.

I would like to correct information regarding the budget that was spent in the preparations for the World Cup. Qatar adopted a policy in 2010 called Qatar Vision 2030, which aims to develop the country at various levels, the most important of which is the development of infrastructure to be able to accommodate more residents. Of the $200 billion, only 7-8 billion were spent on constructing stadiums, and the rest of the amount was used to develop Qatar's infrastructure, not just to host the World Cup. And Qatar submitted its candidacy in 2012 on the grounds that it would start working on the Qatar Vision 2030 project, otherwise it would not have been able to submit a hosting request.
The income from hosting the World Cup was good and covered the costs of hosting, and it cannot cover the costs of developing the infrastructure in this advanced way.

[reagansimms]

Qatar is already very rich with oil and gas natural resources, as a result of its abundant natural products making Qatar one of the richest countries in the world.
The World Cup that was held in their country was not solely because of money, Qatar spent more money on stadium dismantling costs. Previously, I had never heard of any country dismantling stadiums after the world cup was over other than Qatar (please correct if i'm wrong).
FIFA is the party that has benefited the most after the world cup from several sponsors, while Qatar managed to introduce their culture to other countries with the friendliness of the local population that brings tolerance between religions.

[bitgov]

As we know Qatar is the prima donna that much is talked about by the world regarding pouring out the largest economy yesterday through 200 billion US dollars, a fantastic fund in the history of the world cup, In my opinion, there was no economic impact financially for Qatar yesterday. If you look at it theoretically, Qatar will produce the largest economy in the 2022 World Cup, no that's not it, only based on interests or something based on ego wanting to show the world that Islamic countries can do as European countries do and at the same time show hospitality and glory for Islam to non-Muslims, proven, Funds are not a big problem for Qatar. Tolerance between religions is the basis of the goal placed by Qatar as the host of the world cup yesterday, that is my understanding if studied in theory.

I would like to correct information regarding the budget that was spent in the preparations for the World Cup. Qatar adopted a policy in 2010 called Qatar Vision 2030, which aims to develop the country at various levels, the most important of which is the development of infrastructure to be able to accommodate more residents. Of the $200 billion, only 7-8 billion were spent on constructing stadiums, and the rest of the amount was used to develop Qatar's infrastructure, not just to host the World Cup. And Qatar submitted its candidacy in 2012 on the grounds that it would start working on the Qatar Vision 2030 project, otherwise it would not have been able to submit a hosting request.
The income from hosting the World Cup was good and covered the costs of hosting, and it cannot cover the costs of developing the infrastructure in this advanced way.

as mentioned earlier - Qatar is a rich country and they wanted to promote their culture and religion and their trends. Which they successfully did.
They are going to gift the buses and the stadium to the developing countries. Do you think they would have cared for the profit when they have banned the biggest brand of alcohol from the stadium.

[Cryptomultiplier]

Qatar is already very rich with oil and gas natural resources, as a result of its abundant natural products making Qatar one of the richest countries in the world.
The World Cup that was held in their country was not solely because of money, Qatar spent more money on stadium dismantling costs. Previously, I had never heard of any country dismantling stadiums after the world cup was over other than Qatar (please correct if i'm wrong).
FIFA is the party that has benefited the most after the world cup from several sponsors, while Qatar managed to introduce their culture to other countries with the friendliness of the local population that brings tolerance between religions.

Qatar showcased to the world their culture and hospitality. They showed the world that the game of football can be viewed without imbibing any alcoholic beverage. The didnt do it for the money. They did it to project their ideas of the present and future plans for generations present and unborn.
They support tourism and is a great business hub for merchants and that they showed as well.
Their economy definitely got a boost and have attracted more patronage from the press and media including luring adventure seekers and one of the greatest football players of this time, Christiano Ronaldo to the Al Nassri side. Tell me how the economy hasn't been imparted positively and I will dig out proofs to argue on how it has imparted positively their economy in total.

[coupable]

As we know Qatar is the prima donna that much is talked about by the world regarding pouring out the largest economy yesterday through 200 billion US dollars, a fantastic fund in the history of the world cup, In my opinion, there was no economic impact financially for Qatar yesterday. If you look at it theoretically, Qatar will produce the largest economy in the 2022 World Cup, no that's not it, only based on interests or something based on ego wanting to show the world that Islamic countries can do as European countries do and at the same time show hospitality and glory for Islam to non-Muslims, proven, Funds are not a big problem for Qatar. Tolerance between religions is the basis of the goal placed by Qatar as the host of the world cup yesterday, that is my understanding if studied in theory.

I would like to correct information regarding the budget that was spent in the preparations for the World Cup. Qatar adopted a policy in 2010 called Qatar Vision 2030, which aims to develop the country at various levels, the most important of which is the development of infrastructure to be able to accommodate more residents. Of the $200 billion, only 7-8 billion were spent on constructing stadiums, and the rest of the amount was used to develop Qatar's infrastructure, not just to host the World Cup. And Qatar submitted its candidacy in 2012 on the grounds that it would start working on the Qatar Vision 2030 project, otherwise it would not have been able to submit a hosting request.
The income from hosting the World Cup was good and covered the costs of hosting, and it cannot cover the costs of developing the infrastructure in this advanced way.

as mentioned earlier - Qatar is a rich country and they wanted to promote their culture and religion and their trends. Which they successfully did.
They are going to gift the buses and the stadium to the developing countries. Do you think they would have cared for the profit when they have banned the biggest brand of alcohol from the stadium.

Its attempts to preserve its identity do not encourage all kinds of investments, and it does not become an attractive market for investments if it places limits on people's privacy. The World Cup exposed Qatar as a conservative country and not an investment climate for everyone.
If you spend billions of dollars to tell the world that they are welcome without alcohol, this may serve conservative tourism, but it will deprive you of giant investments in the areas of the free market.

[Smartvirus]

As much as they've over spent in the world cup, let's not forget that some of these projects where national projects with or without the world cup. Don't get me wrong, am not saying they didn't come up with projects to make the world cup better but certainly, its normal for projects to be done annually.
They over spent and you can tell they showed thee interest in football by trying yo buy Robaldo and boost there league. The infrastructures that have been put in place would in turn help to make things better for the citizens. The stadiums might not get the maintenance needed but, I don't think it's going g to have much negative effect on there economy if any at all.

[browsiek]

If you spend billions of dollars to tell the world that they are welcome without alcohol, this may serve conservative tourism, but it will deprive you of giant investments in the areas of the free market.

That is Qatar's identity, he doesn't care how much money is spent.  That is proportional to the interest of many people to get to know more about the country and introduce the culture that has been applied.  Qatar was previously a rich country, everyone knows that.  But when the world cup is held there the interest of visitors or tourists is increasing, it affects its tourism where people will flock to Qatar to see how amazing the country is.

[chrisculanag]

We can truly say that Qatar's hosting of the FIFA World Cup has had a positive impact. Due to the big event happening, the name of Qatar has increased not only because they host a big event but also because of their preparation that made the tourists who will attend FIFA happy. Another thing is the increase in the income rate of their country and they have done many infrastructure projects. It is not easy to be the host of such events so it is necessary to prepare well for this most beautiful event and ofcourse the income of the country.

Qatar is a rich country and there is nothing they can do solely - they have immigrants who take care of all the things but obviously the heads are Qatari.
For example Qatar air force whole infrastructure is done by the Pakistan air Force. but people love working for them because they get good money in return - they work and come back to their native country that is how Qatar deals with labors.

Because of the wealth of their country, they have many immigrants who continue to accept their job offers.They treat their workers well, another thing is that they are rich in infrastructure that is really needed by workers from another countries. They became even more famous because of their hosting of the FIFA event that gives Qatar name in the history of FIFA events.

[Wolfblood200$]

I think despite the allegations of slave labour and maltreatment of workers who built most of the infrastructures that was used in the 2022 World Cup in Qatar which before the World Cup had painted Qatar in a bad light but during the world Cup,  the beauty and more positives sides of Qatar came to light  , investors and tourists are now been attracted to what Qatar is offering  ,
The World Cup advertised Qatar to the world for business and tourism

[kryptqnick]

I'd be very surprised if holding the World Cup, especially such an expensive one as Qatar did, turned out profitable, so I agree with the op that it wasn't, and also that making profit wasn't the point. I think the main point isn't attracting more people to the country, either. It's whitewashing a very problematic regime that has strict legislation, limits the rights of many categories of people. It's a classic thing for an authoritarian regime to use their money to ensure they host a big event. This can boost confidence at home, reassuring people that they live in a respected country, and help raise the reputation of a country that has its issues. Russia did the same with the World Cup, and China did that with the Olympics.

[pooya87]

When we talk about Qatar we should not forget that it is a tiny country that is surrounded on all sides (ie ground access) by Arab nations that have bad relationship with Qatar and it was not so long ago that they basically sanctioned Qatar and this country was seeing its end and would not have existed if it weren't for the only non-Arab country in their vicinity north of Persian Gulf called Iran.
So they need things like FIFA world cup or selling LNG to Europe so that they can ensure their long term survival by increasing their relations with the outside world in a place where they are still surrounded like before.
Even if the FIFA thing weren't profitable for them on paper, it had tremendous amount of benefits for Qatar for sure.

[barbara44]

I think it is not the economy but more like how it impacted the outlook of the world towards Qatar and I think it's not that much worse, but not that much great neither. Some people liked it, and saw it for the first time and enjoyed it, some people know thousands died during building stage of this world cup, and basically it is a break even thing.

Maybe it will help them a bit, after all they didn't just built stadiums, the whole 200+ billion thing was for everything else, from hotels to hospitals to roads to even schools, just to look prettier and that does help a ton, stadiums were like a few billion only, all the other parts for longer term things.

These days, sport events are being used as marketing tool for tourism and tourism is capable of recursively supporting economy. Simply, if Qatar keep caring on developing their tourism, it will boost their economy significantly.

[dothebeats]

Overall that's an L for Qatar short-term, but given that they have already created a lot of infrastructures in order to facilitate the World Cup, they can now use these amenities as a leverage for future events for them to host it and take some profit off of it. That $200 B may be too much of an investment for a one-time event that is not really profitable, but in the long run they can easily use what they built for tourism and a lot of other things. Plus, it puts them in the map for millions of people around the world. That alone is, IMO, worth the money they have invested in the said event.

So they need things like FIFA world cup or selling LNG to Europe so that they can ensure their long term survival by increasing their relations with the outside world in a place where they are still surrounded like before.
Even if the FIFA thing weren't profitable for them on paper, it had tremendous amount of benefits for Qatar for sure.

Qatar has played its cards well by hosting FIFA, and it might just as well opened a lot of curious minds about the country. They used FIFA as a leverage for their long-term plans, and that is what's matters for that tiny country that has been receiving a lot of negativities in the past decade due to their alleged involvement with terrorist groups.

[KingsDen]

I'm not sure about according to what we can see there are many people who go to Qatar to watch the games and during this time they surely bought some food and other stuff like that which can bring more demand to the Qatar markets also they used many services like hotels and restaurants and some of these services are provided by the government the profits will go directly into the pocket of their government, so I'm sure if Qatar investing money to build stadiums they also got good profits from the world cup.

I dont think profit was one of the main aims of Qatar ... They are now going to dismantle the stadiums and will dispatch it to the underdeveloped countries. They are donating buses to the poor countries and so on an so forth. They are rich people and they don't care for the profits. Have they had cared for the profit they would not have banned alcohol and would have earned so much money form the alcohol manufacturers

I am having the feeling that Qatar spent much more than what they gained during the World Cup. As you said their target wasn't for profit making but for name making and other entitlements.
Even the alleged money that was paid to fifa president to enable them host the world cup and many more expenses as fixing ACs inside stadium.
They spent over $200b to host the world cup which is very high amount that cannot be easily recovered.

[Ndabagi01]

Qatar had truly astounded the world with the spectacular grand stadiums built to host World Cup matches. They really spent a lot of money to make it look so large and welcoming to all visitors. Even though they may have done so for other reasons, which are arguably the primary goal of hosting the World Cup, it has also aided the country's economic growth in some ways. It was fantastic and a boon for the country after hosting the World Cup in 2022.

[odunybiz]

Qatar is already a very rich country. They didn't host WC to make more money because they don't need money. Actually they lost money because of this event. If I remember right this was the most expensive world cup ever hosted. ($200 billion) There is no way Qatar can generate more than $200 billion to make up for the losses.

They might have lost money but they gained something else, they become more visible in the world. Now more people know about this small rich country. That was the biggest reason why they spent so much money on an organisation which they don't even like.

Just like what he said, Qatar didn't expect to make profit from this. Qatar is one of the richest country in the world so I don't think what they spent may have a negative effect on their economy.

[tabas]

It's not about the quick return or ROI for Qatar but it's about attracting more people into them that have seen the beauty of Qatar. It'll be a long term effect on them and at the same time, the historical value of hosting FIFA is already an achievement. A lot of countries are bidding for it to host the competition and yet, there has to be standards that they're factoring for the organization to approve a country to host it.
It's more than that and Qatar did just the right thing of hosting an event that will be forever part and pride of their country and people.

[albon]

Qatar is one of the largest oil exporting countries and has the third largest natural gas reserves in the world, so it is a country rich in natural resources and non-renewable energy it is a small Arab country, and it is certain that Qatar benefited economically from the FIFA world cup, as the financial revenues were huge and will continue in the long term And tourism received a strong boost in transportation and facilities at the start of the FIFA world cup and after the tournament, which increased the potential gains from behind the World Cup, as this global event added billions of dollars to its economy, in addition to the fact that this event is a good way to display its culture on a global scale.

[BigBos]

I think they do this not only about tourism, but more precisely they show the peace of their religion, we know that the religion of Islam has always been world propaganda so that some western countries have a negative view of Islam. We know that the opening ceremony there was carried out dialogue by Ghonim Al-Muftah and Morgan Freeman which shows the values of peace.
As well as prohibitions made by FIFA regulations such as the prohibition of sex outside of marriage, drinking alcohol, homosexuality and others which are prohibited in Islam. And we can see that it runs smoothly even though there are some frictions.
I think Qatar prioritized religious values in yesterday's world cup without any profit orientation in terms of material-based business or financial progress.

[Frankolala]

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

[zaki12]

Qatar's economic influence during the world cup was very large, especially in the infrastructure sector, even though the funds spent were so large, the benefits they got were very large and most importantly they were able to finish well, and they could also promote interfaith harmony which was previously widely thought negative towards Islam but when tourism attacks the country all the notions of terrorism are not what they think.

As an Asian, I must be proud of Qatar, which has successfully held WC 2022, which other countries must follow as an example, be consistent in applying rules to local wisdom. lots of positive sides.

behind the controversy (Alcohol Prohibition and LGBT Prohibition) which is so emotionally draining, apart from that this year's Qatar world cup is the grandest and most expensive world cup in history.

Qatar is not just after profit. they are already rich, their people are prosperous, the government pays close attention to them, what Qatar wants is a positive view of Islam from people in various parts of the world, this proves that not all Islamic countries have a negative image as often reported in the western media.

[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.