Qatar shows interest in the FIFA World Cup 2022

Friday, November 25, 2022

The Global economic front of the much awaited 22nd FIFA men’s World Cup is commencing in Qatar from 20 November to 18 December, 2022. 

The Arabian Gulf nation reportedly known for being rich in oil and natural gas has duly spent $200 billion so far on infrastructure to accommodate over one million visitors during the time span of the period.

 However, as forecasted by the Global data, a leading data and analytics company, the Qatar economical power is expected to shoot at a faster pace than before leading to a result of 4.6% in 2022 as compared to 1.5% in 2021.

According to the conversation by Bindi Patel, Economic Research Analyst at Global Data the much – awaited football tournament has eventually focused not only to put Qatar on the global economic map as the epicentre of international tourism and business activities but also provide a major boost to the economy.

A much needed attempt to upgrade infrastructure in hospitality, power generation, 5G telecommunications and transport.

Another key factor of Qatar having a partnership with FIFA World Cup this year is not only be driven by the investments and rising tourist inflows during the World Cup but also amplify higher exports of fossil fuels amid the rising demand from European nations.

Bloomberg data estimates that the total value of the project is at $300 billion.

AI Thawadi certified that the World Cup at the Global Economic front was meant to serve as an engine to push forward and accelerate a lot of the initiatives that the government had already committed to, whether that’s in terms of urban development or economic diversification.

 Also added by him was that they would be hosting a safe event, and they were optimistic that it would be the first major tournament where everybody who wishes to attend would be able to attend.

Chairman of Qatar Chamber (QC), Sheikh Khalifa bin Jassimbin Jassim bin Mohamed al noted that the strong participation of Qatari companies in the World Cup projects, and their supportive services for the tournament in all sectors.

Also in an interview with the Qatari newspaper AI – Raya published on Sunday, the chairman stressed on the need for an addition of efforts to the same by citizens and residents to make this global event a success.

He said that the World Cup Qatar 2022 at the global economic front would leave a unique imprint in the history of the FIFA World Cup.

Another key factor is that huge infrastructure investments have also opened millions of job opportunities in key sectors including construction, real estate, and hospitality.

Rising employment opportunities is also expected to boost domestic demand and real household consumption expenditure is projected to rise by 6.3% in 2022 compared to 3.7% in 2021.

There has been a great development achieved by the Qatari industry over the past years, as the number of factories operating in the country has increased in the global economic front.

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