The FIFA World Cup 2022, the world’s premier football tournament, is set to begin in Qatar on November 21, 2022. The FIFA World Cup is being staged in the Middle East for the first time and is being hosted by an Asian country for the second time. The nation, which draws visitors from all around the world, promises to host the most expensive World Cup ever. The nation has already spent around $200 billion.
For the World Cup finals, a new city called Lusail has been constructed. The nation spends $500 million per week on infrastructure projects, new stadiums, hotels, hospitals, and airports.
According to Qatar’s finance minister, Ali Shareef Al-Emadi, preparations for the World Cup have been ongoing for some time. The primary goal of the nation is to complete the project by the beginning of 2022.
The QATAR World Cup will take place in a total of 8 stadiums, as opposed to the 12 venues used for the 2018 FIFA World Cup in Russia. Seven of the eight stadiums are brand-new constructions with top-notch amenities. One of them is undergoing a complete renovation.
Global financial analysts predict that Qatar’s GDP will increase by 4.1% by the end of 2022. Between 2022 and 2030, the GDP of the nation will increase by 3.2% yearly on average. The event would boost the nation’s economy by around $20 billion. The World Cup in Qatar, the host country, has promised to be the most expensive one yet because it will create jobs and boost the economy there.
More than 1.5 million employment in important industries including construction, real estate, and hospitality would be created as a result. The travel and tourism sector would likewise be significantly impacted. An estimated $220 billion will be spent by the host nation on the FIFA World Cup in 2022.