Bloomberg reported that Qatar has spent about $300 billion since it was given the honor of hosting the 2022 FIFA World Cup.
The agency said the tournament will be played in 8 stadiums, seven newly built and one refurbished, but all represent a fraction of the amount Qatar has invested since winning the right to host the world event in 2010.
The tournament is being held in the Middle East for the first time since its launch 92 years ago, making it the largest sporting event ever held in the region and set to be the most expensive World Cup in history, according to Bloomberg.
The tournament is the first global event open to the public since COVID-19 restrictions prevented fans from participating in the Tokyo Summer Olympics and the Beijing Winter Games.
The agency said Qatar has built a brand-new $36 billion metro system in addition to a $7 billion state-of-the-art cargo port and a more than $15 billion expansion of its main airport.
The spending also included about $45 billion to build Lusail, a huge project north of Doha that includes residential areas capable of accommodating 200,000 people, in addition to shopping complexes, four artificial islands, entertainment centers and the country’s largest stadium with 80,000 spectators. where the final match of the World Cup will take place.
Qatar has also spent $4.5 billion to develop the center of the capital and $3.2 billion to create economic zones.
And unlike previous World Cups, where stadiums were usually located in several cities, all matches will be played within a radius of 50 kilometers, which means that within a month, about a million fans will gather in the capital, almost a third of the entire population of Qatar. long tournament.
Bloomberg reports that Qatari officials hope the infrastructure built in preparation for the World Cup will help boost the non-energy economy.
She adds that most economists expect non-energy business activity to slow down after the tournament as residences and hotels become empty for World Cup visitors.