The State of Qatar achieved a set of economic goals by hosting the FIFA World Cup, which is expected to have a positive impact on the country's economy. By launching the World Cup matches in Qatar, the event is expected to generate revenues estimated at $9 billion, most of which is attributed to tourism spending and economic activities associated with the World Cup. This amount represents approximately 1% of Qatar's GDP. Despite the huge costs associated with organizing such tournaments, Qatar's spending exceeds the cost of the current World Cup by more than $220 billion. The Qatar World Cup is expected to attract more than 1.7 million visitors to Doha over the 29-day tournament period, with around 500,000 visitors expected on the busiest days.
This sporting event is expected to contribute to revitalizing the tourism sector in Qatar and increasing its contribution to the gross domestic product. The World Cup is expected to have a positive impact on the Qatari economy, as it will contribute to attracting tourists and increasing foreign investments. The event is a key part of Qatar National Vision 2030, a government initiative that aims to transform Qatar into a global community and enhance the standard of living.
Qatar has built the basic facilities to host approximately 1.3 million visitors during the tournament period, and these preparations may represent a strategic investment for the future, as improving the facilities structure is likely to continue to boost economic growth and attract more investments.
Despite the importance of oil and gas exports to Qatar's economy, the country is seeking to achieve economic diversification to reduce the impact of oil price fluctuations. Qatar aims to strengthen non-oil sectors, and by hosting the World Cup, it is expected to play a major role in achieving this goal.
It is expected that the media and social media will contribute to spreading awareness about Qatar and increasing its attractiveness as a tourist and investment destination. Hosting the World Cup in 2022 is a strategic opportunity to transform Qatar's economy and achieve the desired sustainable diversification
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