The most expensive cost in history … Has the Qatar World Cup fallen into the trap of “miscalculations”?

Away from the race inside the green rectangle, the 2022 World Cup hosted by Qatar at the end of this year won the title of “most expensive tournament in the history of the sport”, as the funds of its equipment reached about 220 billion dollars. , according to the most modest statistics.

That particular version did not need any drama to go down in history, it is enough that it is the first to take place in the Middle East or in winter and that its races take place in an area that is the smallest of the 22 countries that. hosted its previous 21 editions.

However, a recent study published by foreign reports, mostly by Reuters, the American magazine Forbes and the American site “Frontofficesports”, which specializes in economic issues related to sport, said that Qatar made an imaginary cost to host the Cup. of the World Cup, amounting to $ 220 billion, which could exceed twice the total spent on hosting the World Cup. All copies of the tour throughout history.

The World Cup in Qatar is the most expensive in history

The American site “Frontofficesports” revealed the big differences between the cost of the World Cup in Qatar and the previous seven editions, as the 2014 tournament in Brazil was the most expensive with 15 billion dollars.

According to the source, the cost of the 1994 World Cup in America reached $ 500 million, and in 1998 in France $ 2.3 billion, then increased to $ 7 billion in 2002 (Japan and South Korea), and decreased to $ 4.3 billion in 2006 ( Germany).

The 2010 World Cup, which was held for the first time on the brown continent, specifically in South Africa, cost 3.6 billion, compared to 15 billion for the 2014 edition in Brazil, and the cost dropped to the Russia Russia 2018 World Cup to 11.6 billion . .

Thus, the total amount spent on equipment for the last 7 editions of the World Cup is about $ 44.3 billion, or approximately 20% of the cost of the World Cup in Qatar, given that copies that preceded that period did not need everything. current complications in terms of stadiums, host cities and others, in addition the number of teams was smaller than the current situation.

Extended investment plans

The site showed that the costs associated with the construction of new stadiums in Qatar ranged from 6.5 to 10 billion dollars, while another 210 billion was spent on infrastructure and preparations for the organization of the tournament under the plan “Qatar 2030” and the construction of hotels. , advanced underground transportation. , airports and others.

According to Qatar’s plans, the organization of the World Cup stimulated the start of these projects, which are already seen as long-term investments.

A government official told Reuters that most of the work was planned separately as Qatar seeks to diversify its non-energy economic activities, aspiring to become a regional business hub and triple the number of tourists to 6 million tourists a year by 2030.

Does Qatar benefit from hosting the World Cup?

Doha is not expected to make a profit to offset the cost of hosting the World Cup, or to recoup a large portion of the amounts paid.

The Frontofficesports report showed that the revenue of the 2022 World Cup could reach $ 20 billion, which is approximately 9% of the aforementioned cost.

Qatar’s small size will pose a dilemma for the crowd delegations, as organizers estimate that 1.2 million fans will visit the country during the 28 days of the tournament.

The arrival of fans from 32 competing countries to watch the matches in 8 stadiums inside and on the outskirts of the capital Doha, on the positive side, means that fans will have easy access to all stadiums, which increases the opportunity to see more more than one. matches per day, unlike the last two versions in Russia and Brazil, As flights were often needed to travel from one country to another.

But it also means there will be real pressure on the limited accommodation market in Qatar, given the large number of people expected to attend the World Cup.

In recent days, the Qatar State Committee for Projects and Heritage, which is responsible for organizing the tournament, unveiled a flight schedule for overnight fans, from the Arab Gulf countries, particularly Dubai, Jeddah, Riyadh, Kuwait and Muscat, to to participate in the 2022 World Cup.

According to the speaker, 60 daily flights will be organized from Dubai to Qatar, as well as 40 from Riyadh and Jeddah, 48 from Muscat and 16 from Kuwait via Kuwait Airways, according to the Saudi newspaper Asharq Al-Awsat.

The program prepared in this regard, enables fans from the mentioned countries to travel to the state of Qatar and return home on the same day immediately after the matches.

Press reports said airline ticket prices between Dubai and Doha saw increases ranging between 300 and 400% during the World Cup period – between November 21 and December 18 next – in light of high demand for just 5 flights. daily between the two cities. .

Wrong calculation trap

In addition to direct revenues and profits, Qatar expects profits indirectly, becoming a source of attracting foreign investment.

However, the economic site “Invest Monitor” excludes the increase in the volume of foreign investment in Qatar as a result of hosting the 2022 World Cup, noting what proved the economies of the last 3 countries that hosted the World Cup.

South Africa, Brazil or Russia did not show any increase in the rate of foreign investment after the hosting of the World Cup in 2010, 2014 and 2018, respectively, but witnessed a decline in many cases even before the Corona pandemic in late 2019 and the beginning of year 2020.

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