How much will Qatar spend on hosting FIFA World Cup 2022?
The FIFA World Cup 2022, the world’s premier football tournament, is set to begin in Qatar on November 21, 2022. The FIFA World Cup is being staged in the Middle East for the first time and is being hosted by an Asian country for the second time. The country , which draws visitors from all around the world, promises to host the most expensive World Cup ever.
By land size, Qatar is the smallest nation to have ever hosted a FIFA World Cup. Switzerland, which hosted the 1954 FIFA World Cup, is the next-smallest country. Qatar became the second country to host the major competition without ever making it to a prior round of competition.
How much will Qatar spend on hosting FIFA World Cup 2022 ?
The population of Qatar, which is 2.8 million strong, is comparable to that of Yorkshire. However, because of its size, it has the highest per capita income in the world. The nation has already spent around $200 billion. For the World Cup finals, a new city called Lusail has been constructed. The nation spends $500 million per week on infrastructure projects, new stadiums, hotels, hospitals, and airports.
According to Qatar’s finance minister, Ali Shareef Al-Emadi, preparations for the World Cup have been ongoing for some time. The primary goal of the country is to complete the project by the beginning of 2022.
A tremendous amount of supporters are expected to arrive in the country (about 1.2-1.5 million). Despite concerns about a shortage of housing, the nation has already spent $40 million on hotels.
Why Is this Happening during the Winter?
Due to the country’s hot and muggy summers, the World Cup will only last 28 days, beginning on November 21, 2022, and ending on December 18, 2022, one week before Christmas. Around 24°C will be the average temperature throughout that period. The World Cup is being held between late November and mid-December for the first time. May, June, and July have historically been the summer months when the FIFA World Cup is held.
How Did Qatar Win The FIFA World Cup in 2022?
Beginning in January 2019, bids were accepted for the FIFA World Cups of 2018 and 2022. The 2018 FIFA World Cup will be hosted by a UEFA nation after all of the non-UEFA nations withdrew from the tournament. Due to this, UEFA was disqualified to submit a bid for the subsequent World Cup.
Qatar secured the rights after outlasting rivals like South Korea, Japan, and the United States in numerous rounds. However, a number of FIFA executive committee members have been accused of engaging in bribery and corruption.
How many stadiums will host the tournament?
The QATAR World Cup will take place in a total of 8 stadiums, as opposed to the 12 venues used for the 2018 FIFA World Cup in Russia. Seven of the eight stadiums are brand-new constructions with top-notch amenities. One of them is undergoing a complete renovation.
How will Qatar be affected by the FIFA World Cup in 2022?
Global financial analysts predict that Qatar’s GDP will increase by 4.1% by the end of 2022. Between 2022 and 2030, the GDP of the nation will increase by 3.2% yearly on average. The event would boost the nation’s economy by around $20 billion.
The World Cup in Qatar, the host country, has promised to be the most expensive one yet because it will create jobs and boost the economy there. More than 1.5 million employment in important industries including construction, real estate, and hospitality would be created as a result. The travel and tourism sector would likewise be significantly impacted. An estimated $220 billion will be spent by the host nation on the FIFA World Cup in 2022.
