Football World Cup’s economic impact will extend beyond Qatar

GCC states look to take advantage of fresh chances and Qatar hopes the Football World Cup will boost its soft power and add political effect. This November, Qatar will develop the first Arab state to host the prestigious Football World Cup. Having a populace of less than 3 million, it is the minimum host country to ever establish the event. Being a general sport in the Middle East, soccer marries the region socially and socially.

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Football World Cup's economic impact will extend beyond Qatar
Football World Cup’s economic impact will extend beyond Qatar

Smooth though Doha has presented other sports actions like the IAAF World Athletics Championships, the Asian Football Confederation Cup, and the World Men’s Handball Championship, and will be land the Asian Games in 2030, the Football World Cup is the largest high-profile event to take place in the state of Qatar. 

Hosting sports events has been a new tendency in the region in the New Year, and rendering to a PwC investigation, this sector shows potential to grow by 8.7% in the next three to five years. From Formula One races in Saudi Arabia (KSA), Bahrain, and Abu Dhabi to tennis tournaments in Dubai and international golf events in Abu Dhabi, the region is now deeply capitalized in sports. 

As the event edges nearer, it promises to have a wide impact as fresh opportunities are emerging for Qatar, other Gulf Cooperation Council (GCC) states, and the surrounding region. In Doha itself, new infrastructure constructed for mega sports events will have an instant impact on the local economy. Around eight air-cooled, zero-carbon Football World Cup venues intended by world-renowned architects, fan zones, training sites, and other outdoor parts for tourists have been constructed from scratch. 

With more than 1 million companies predictable, the event will hurry growth in diverse subdivisions such as travel and tourism, hospitality, and substructure, and help achieve Qatar’s National Vision 2030.  Khristo Ayad, an advisor at Instar, independent research and optional platform in Doha, told Al-Monitor, that the high-visibility tournament Football World Cup will surely be a significant milestone in the country’s change journey toward a modern, knowledge-based cheap that is not just open to the centrally entrenched in the overall international public and system.

He supposed, “Qatar’s asset and development drive aimed at founding itself as a centre for sports, diplomacy, ethos, and business had already been ongoing before the Football World Cup 2022 was awarded in 2010.” 

Next, the World Cup would increase Doha’s soft power and add political influence, particularly since more such events are in the pipeline. Highlighting this advantage,

Ayad supposed, “Qatar had promoted its Football World Cup campaign as a presentation of Arab unity from the outset, positioning the Football World Cup as a chance to build bridges among the Arab and Western world.” 

Football World Cup's economic impact will extend beyond Qatar
Football World Cup’s economic impact will extend beyond Qatar

Football World Cup: Advantage the Whole GCC

It would advantage the whole GCC, he added, in footings of unique selling points for the asset, tourism, business, and so on, outside views on the region would have often seen its soft power possessions as shared, or at least as completing of each other. A successful Football World Cup in Qatar will have straight positives on all Gulf countries’ overall standing.

Temporarily, there would be a substantial impact on the hotel and airline businesses. Accommodation in Doha is costly and hard to find due to its small size, while luxury hotels there are mostly booked for FIFA officials and players. Consequently, Qatar has rented two cruise liners and demanded that inhabitants rent out space to companies. 

Caroline Rose, head of the Power Vacuums Program at the Newlines Institute in Washington, expressed Al-Monitor, “I think that this event Football World Cup, given the stated limited interplanetary accommodations, has overall augmented regional coordination efforts to accommodate such a large arrival of tourists. It will also particularly give a boost to the Qatari economy, with a projected $17 billion in profits.” 

With tens of thousands of Football followers predictable, typically from Europe and South America, adjacent countries will develop a base for the Qatar Football World Cup. Most of all, the UAE is a good choice as Air Arabia and Fly Dubai are consecutively 45 flights daily to Doha among them. Worldwide Tickets and Hospitality offers Football World Cup tickets for the Qatar Football World Cup at the best prices. Football fanatics and buy Football World Cup Tickets at exclusively discounted prices.

Ayad experiential, “The Football World Cup should see an important number of international Football followers making use of travel and accommodation letters not only for Doha but for other popular termini like Dubai or Muscat. In short, the Football World Cup is very likely to sizably drive business in the tourism sector outside the hosting nation alone.” 

Football World Cup's economic impact will extend beyond Qatar
Football World Cup’s economic impact will extend beyond Qatar

Shuttle flights are being decided while hotels in Dubai are already overfilled, resulting in the delay of the Dubai Marathon from December this year to February 2023.  Varun Ahuja, director of sales at Aloft Dubai South speaks, that the future Qatar Football World Cup has shaped an air of optimism in the tourism sector, with an upsurge in hotel bookings crossways the UAE for November and outside. 

Saudi Arabia (KSA) could also see a spike in travellers due to the Football World Cup, and a 106% increase in tenancy is expected in Makkah likened to 2021. Hotel tenancy in Bahrain can go up by 9%, Kuwait around 24%, and Jordan will be 33% busier. Even Iran imagines a spurt in tourism, and it has touched a series of agreements with Qatar to host football followers.  

Settling a deal to link the Doha Flight Information Region with the Tehran FIR, Tehran confidences to upsurge tourist footstep at the coral island of Kish, a 40-minute flight from Doha, as well as other islands and cities in southern Hormoz Gan province. In count, a marine tourist line will be installed among the port of Bushehr in Iran and Hamad port in Qatar during the Football World Cup.  

Fascinatingly, even as talks continue to restart the Joint Complete Plan of Action (JCPOA) deal, Iran and the United States (USA) will be playing a game at Doha’s Al Thumama Stadium.  From South Asia, Pakistan will be security cover for the event, and a contract was recently signed between Qatar and the Pakistan army after Doha requested help. Accepted by the federal Cabinet, this preparation would permit the government to provide troops. 

Though, the economic turnover for Qatar is hard to forecast right now as it is a slow process. In the short period, hosting a major sports event boosts the construction and tourism areas, and then foreign investment results tend to be long-term. Originally, it was intended that the 2022 Football World Cup could make Qatar $20 billion, then this figure was reread to $17 billion lately.  

In Ayad’s opinion, holding a worldwide event has raced up progress. “While the real event certainly constitutes a chance for Qatar to current itself on a global stage, the provisions over the past 12 years have faster the labours toward major substructure and policy developments that may have then just required more time.”

Football World Cup's economic impact will extend beyond Qatar
Football World Cup’s economic impact will extend beyond Qatar

Once the event is over, Nasser Al Khater, CEO of the FIFA tournament, imagines the country’s emphasis to shift from substructure development to tourism and will likely go in the way of Russia post- Football World Cup 2018. Seemingly, Moscow had made an extra $14 billion after hosting the event, then there was a long-term decline, even beforehand the COVID pandemic hit. The knowledge of South Africa, another host country, has been similar. Nevertheless, Qatar is ready to take on dangers and enjoys being the attention.  

Ayad totalled it up: “Football World Cup-related investments have in turn further raised and solidified the country’s position as a significant hub. In Qatar, the event has flashed enthusiasm, enthusiasm, and national pride; it has also put a telescopic glass on a very young nation with bottomless traditions. After all, the Football World Cup will be the first event of that worldwide scale ever hosted in the Arab world.”  

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