How much did Qatar spend on hosting the 2022 FIFA World Cup?
The biggest football competition in the world, the FIFA World Cup 2022, is scheduled to start in Qatar on November 21, 2022. For the first time ever, the FIFA World Cup is being held in the Middle East, and it is being hosted for the second time by an Asian nation. The country, which welcomes tourists from all around the globe, promises to host the most expensive World Cup ever. Qatar is the smallest country that has ever hosted a FIFA World Cup in terms of land area. The next-smallest country is Switzerland, which hosted the FIFA World Cup in 1954. Without ever participating in a preliminary round of competition, Qatar became the second country to host the major event. A FIFA World Cup is a costly enterprise, and the costs associated with hosting the prestigious competition have generally risen since 1994.
How much money did Qatar spend to host the FIFA World Cup in 2022?
Qatar has a 2.8 million-strong population, which is about the same as Yorkshire. It does, however, have the highest per capita income in the world due to its size. Around $200 billion has already been spent by the country. An entirely new city, called Lusail, has been built specifically for the World Cup finals. The country invests $500 million each week in building new stadiums, hotels, hospitals, and airports. The World Cup has been long in coming, according to Ali Shareef Al-Emadi, the finance minister of Qatar. The nation’s top priority is to finish the project by the start of 2022. There will likely be a huge influx of supporters across the nation (about 1.2-1.5 million). Even if there are housing shortage worries, the country has already spent $40 million on hotels. Today on FutbolNews, we’ll examine the most pricey FIFA World Cups and how much was spent on their hosting.
Qatar 2022: $220 billion
The 2022 FIFA World Cup in Qatar is anticipated to cost $220 billion. This is anticipated to be the historically most expensive edition of the competition. Fans are enthralled by the flash and glamour of the World Cup, but there is also a lot of controversy going on. The FIFA World Cup is one of the most watched sporting events in the world, so fans of other sports are also interested in it. Over a million spectators are expected to flock to Qatar for the World Cup.
Russia 2018: $11.6 Billion
The $220 billion investment in Qatar overshadowed the $11.7 billion World Cup that took place in Russia in 2018. Some onlookers are soaking in the spectacle and appreciating it, while others have criticized the costly project. Both the public and private sectors spent 11.7 billion dollars on the 2018 FIFA World Cup in Russia. The budget’s largest allocation went toward creating and renovating sporting facilities, followed by infrastructure for transportation.
Brazil 2014: $15 Billion
At the time, the 2014 FIFA World Cup in Brazil, which cost $11.6 billion, was the most expensive World Cup. On the other hand, the expected cost of the 2018 FIFA World Cup was $14.2 billion, surpassing it.
South Africa 2010: $3.6 Billion
Soccer’s first World Cup was held in Africa, and many observers saw it as a turning point in the continent’s unrest. The $3 billion tournament, which lasted a month, took place at a time when there was a significant lack of the country’s most essential amenities, including homes, hospitals, water, and energy. This report provides an ex-post analysis of the utilization of the 2010 FIFA World Cup venues. The construction of new stadiums and renovations to existing stadiums, respectively, each received contributions from the South African government totaling around US$1.57 billion and US$523 million.
Germany 2006: $4.3 Billion
According to Money Pod, the 2006 World Cup in Germany was the most successful one this century, with a reported cost of $6 billion for organizing the event and an estimated economic benefit of $14.1 billion. This corresponds to a total gain for the host country of $8.1 billion. According to the report, 500,000 jobs were created in the years prior to the competition, and the German government’s tourism earnings grew by $400 million. As a result of the World Cup, Cologne saw an increase in tourists of 10%.