Effect of the FIFA world cup on Qatar's economy

[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.