The Football World Cup will help Qatar’s revenues from international tourism to grow more than 116% year-on-year to QR67bn in 2022, permitting to the Minister of Commerce and Industry HE Sheikh Mohamed bin Hamad bin Qassim al-Thani.
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It is expected that the Football World Cup will entice more than 1mn tourists, thus leading to expected international tourism profits of QR67bn in 2022 equated to QR31bn in 2021, the minister stated in a meeting for The Business Year’s Football World Cup special edition, which was revealed yesterday.
The projects applied within the framework of establishing and hosting the Football World Cup support the state’s journey to achieving its planned and development goals in the pending years, he supposed, adding the hosting of the Football World Cup has had an energetic, important role in endorsing economic growing and change in the nation. Since the start of this journey, Qatar has been keen to launch programs that support the urban development and economic diversification sectors, he told.
This international event will promote positively Qatar’s financial landscape by enticing investments and guaranteeing the economic growth of several vital areas such as trade and tourism, as well as encouraging the growth of sports’ contribution to the economic sector, agreeing to him. As part of strengthening the expansion strategy, the Ministry of Commerce and Industry is also working on approaches to provide substantial incentives to improve investments in the industrial sector, HE Sheikh Mohamed underlined.
“The Ministry of Commerce and Industry takes to expand income sources and improve the real value added from importance sectors, particularly non-oil ones, as well as raise Qatar’s non-oil transfers in 2022,” he stated.
The ministry is presently working to eliminate all obstacles to Qatar’s business setting and to develop it additional as well as provide important incentives to enhance investment in the industrial sector, whose share in the gross national product has augmented to about 66% by the end of 2020 likened to 52% in 2018.
“Furthermore, the government seeks to strengthen the role of the private sector in attaining the economic wealth of Qatar,” he stated.
Underlining that the industrial sector was among the fastest to regain, he said that based on these positive indications, we believe the manufacturing sector’s increase and momentum to be continued in the coming years. As part of its endeavours to support the industrial region and enhance its contribution to the national economy, the ministry set up Qatar’s fabrication sector plan (2018-22) to layout a roadmap for the industrial industries up until 2030.
In this respect, he cited the government’s attempts to entice major international companies to Qatar to spend in strategic industrial sub-sectors such as plastics goods, 3D printing, pharmaceuticals, and severe environment transportation solutions.
How well will Gulf businesses capitalize on Qatar Football World Cup?
International sporting events can force open new opportunities for businesses trade finance can help. Like any major sporting event, the Football World Cup in Qatar will bring an inflow of sponsorships, tourism, and a wealth of new prospects. Businesses are aiming to make the most of this knowledge then are also wary as they are at the post-Covid recovery stage. Consequently, most businesses want to make sure their moves are as lucrative as possible while requiring minimal risk.
Cuisine to a global market can be quite difficult for any local business, particularly if it involves foreign direct investments (FDI). Nevertheless, doing so effectively will mean growth for both the business and the local economy. Consequently, businesses need financial backing and support that will aid them in taking the step forwards in conditions of investments and scope of work while controlling the risks of international trade.
The economic impact of sporting events like the Football World Cup
The show shows how hosting main sporting events increase FDI. The Investment Promotional Agency Qatar already stated that investments worth $19.2 billion were guaranteed in Qatar Football World Cup alone. As seen in other countries that have held major sporting events, the trend for FDIs tends to improve too.
Corresponding to PwC, the Middle East’s sports business is projected to increase by 8.7% over the next 3-5 years. The GCC sports sector is likely to grow the quickest in general, while the worldwide sports industry is only likely to grow by 3%. As hosts for the Football World Cup, many investors are now looking at Qatar and even perhaps its neighbours like the UAE, which had a $13.79 billion FDI inflow in 2019, the highest in the region.
Some major recipients of this event will be the tourism sector along with business travel and councils to whom local business owners will have the opportunity to sell their goods and services. The government anticipates seeing a $17 billion boost in its economy due to the Football World Cup. The question now is, are businesses eager to go international?
Decrease risks in international transactions
Growing into international trade can take a trade to the next level and is a natural next step for any enterprise. Events such as the Football World Cup pave the way to several holes but it’s not without its risks. Here are a pair of risks with international trade and how they can be alleviated.
Economies of scale
Most of the main sporting events last for an incomplete period and need to be exploited; though, being restricted by current expenditure power can avoid businesses from doing so. Trade finance can help businesses place larger orders with dealers to achieve economies of scale, which raise the prospect of more revenues over a limited time and improve buyer relationships. This helps businesses improve their economical edge and buying power.
In principle, with a financial trade mediator, you won’t be braving new prospects on your own. You will be protected against business risk, cash crises, and any other business hiccups, helping you achieve your financial goals to your greatest potential. 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.
Big enough bait for Qatar Football World Cup guests in Oman
Besides the football supporter visa, there will be fast lanes at Muscat International Airport. Previous in the month, the Ministry of Heritage and Tourism said that Oman will offer free multiple-entry 60-day visas to Football World Cup supporters having Hayya Card the customized fan ID necessary to attend any Qatar Football World Cup match.
Besides the football supporter visa, there will be fast lanes at Muscat International Airport, a 9,000sqm Football World Cup event village at Oman Convention and Exhibition Centre and a host of other actions held across Oman. Hayya Cardholders can be escorted by first-degree relatives for a stay in Oman and the visa can also be changed to another class while in the Sultanate.
Special bus stops will be recognized for the smooth flow of followers to and from the airport. Oman is making tourism offerings through 20,000 hotel apartments and more than 200 tourist products in support of more than 35 local workers and ten land transporters. Are these actions enough and were they declared in time for the sultanate to make the most of this big-ticket international occasion in the region to boost local tourism?
With so many flights and inducements for Hayya Card holders, Oman has an exceptional fare for Qatar Football World Cup guests. This is an occasion for international guests to see the country’s rich heritage and undamaged nature.
With easy entry to the country from Qatar, next here will help foreign tourists have another beautiful view of the Arab world. Oman, with its rich life and cosmopolitan and friendly environment, will certainly charm people.
Avani Hotels in Dubai Ready for Football World Cup in Qatar
As football supporters the world over are holding down to the start of the Football World Cup in Qatar on 20 November 2022, Avani Palm View Hotel and Avani Ibn Battuta Hotel in Dubai have revealed an action-packed program of watching activities and stay packages devoted to the beautiful game.
In a push that will gladden the hearts of football aficionados, Avani Palm View is starting the festivities early with screenings of the Premier League games throughout October at Seven Seeds the property’s devoted sports viewing venue this football season. In another winning move, the hotel has joined Budweiser and African & Eastern to raffle off a trip to Qatar to watch the Football World Cup final among guests who buy a bucket or four pints of Budweiser.
There will be other awards up for grabs too. During the daily broadcasts at Seven Seeds, guests will be fortified to place their wagers on the winning side, as well as take benefit of a change of Happy Hour offers obtainable daily from 4 pm till 8 pm, counting mixt bar tastes for AED 90; AED 120 beer buckets; and two flasks of wine for AED 200. In November, Seven Plants will launch the Football Kit menu presenting such pub favourites as beer-battered Cajun chicken strips, German beef bratwurst, Guinness beef and fish and chips, mushroom pie, and others, with cocktails starting at AED 30.
At Avani Ibn Battuta, a Festival of Football will kick off in November, achieving a fever pitch in December, as the Football World Cup finals draw near. Offered from 21 November through 18 December 2022, ‘The Match Is On’ stay package welcomes guests to get into the soul of the occasion with Football World Cup-themed welcome gifts and decor as they enjoy every minute of the legal action on the giant outdoor display at Pele Pool Bar.
During their stay, Avani Ibn Battuta invitees can also taste world flavours with themed concoctions and menus brilliant by the competing nations, get result-activated reductions, and win modified jerseys and other prizes in prediction contests as 32 teams aim for the ultimate prize in football. Through their stay, Avani Ibn Battuta visitors can also taste world flavours with themed cocktails and menus encouraged by the competing nations, get result-activated reductions, and win modified jerseys and other prizes in prediction contests as 32 teams aim for the greatest prize in football.
At AED 399 for two people, families can enjoy the Festival of Football family package which comprises game viewing at Avani ibn Battuta’s Pele Pool Bar, limitless poolside sample buffet, three-hour limitless house torrential beverages, and access to a oversaw kids play area with PlayStation 5 and EA Sports FIFA sports. Another option for the viewers is the Match at the Pool package, priced at AED 100 per person, which consists of match viewing at Pele Pool Bar and an AED 100 credit on food and drinks with improved bookings.
Unveiled in 2011, Avani Hotels is part of the worldwide hospitality group Minor Hotels and was created for millennial-minded travellers whose imports are style, value, and luxury. Avani is an upbeat and modern hotel concept that delivers the ideal balance, with an emphasis on good sleep, constructed social spaces, locally encouraged sustenance, and friendly service. Avani welcomes guests to over 30 possessions in Thailand, Vietnam, Laos, Cambodia, Malaysia, Sri Lanka, Australia, Seychelles, Mozambique, Botswana, New Zealand, Lesotho, Zambia, Namibia, the United Arab Emirates, and Portugal, with a fast-growing pipeline across Asia, the Indian Ocean, and the Middle East. Avani is a member of the Global Hotel Alliance (GHA), the world’s largest alliance of private hotel brands.
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