Effect of the FIFA world cup on Qatar's economy

[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.

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[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.