Investment far exceeds periods The latest World Cup
In an article published on November 17, Al Jazeera said: ” Qatar is said to have spent more than 200 billion USD (nearly 5 million VND) for this World Cup, mainly for infrastructure to serve the tournament, hotels, entertainment venues, and road and rail networks.
This amount is 13-17 times higher than the budget of countries that have organized the final round of the last two World Cups, up to 400 times the budget of organizing the World Cup. in the US in 1994.
In 2014, Brazil spent about 15 billion USD (more than 372,000 billion VND). By the 2018 World Cup, the amount of money that Russia spent on the World Cup was about 11 6 billion USD (about 11,6 billion USD). 288,000 billion VND). In 1994 alone, the United States only spent 500 million USD (about 12,400 billion VND) to organize the first World Cup on their home field.
4 years and 8 years ago, Russia and Brazil spending $10-15 billion on a World Cup finals were judged by the people of these countries. is wasteful. But compared to the amount of over 200 billion USD that Qatar spent on the 2022 World Cup, the amount of money to organize the championships the world before that was just an odd number.
Of course there are many reasons why Qatar was forced to spend more heavily than other countries. Firstly, they do not have the facilities and infrastructure available for football. Infrastructure for infrastructure tourism traffic in Qatar is not as massive as in the US, Russia and Brazil.
Although Qatar is one of the countries with the highest average income in the world, In terms of area, they are still just a small country: Qatar’s total area is only 11,581 km2, only one and a half times larger than the metropolitan area of Jakarta – Indonesia (more than 7,000 km2) or only about 70% of the metropolitan area. Shanghai City – China (nearly 15,000 km2).
A country with such a small area of course does not have as many modern stadiums as in Russia and Brazil or any other country. other people who love football and have developed their economic and industrial development centuries ago.
Because there are no available infrastructure, so Qatar is forced to build a whole new building instead of just repairing and upgrading like in previous countries that hosted the World Cup.
Second, Qatar needs to spend boldly to overwhelm the global football world. to prove that there is a reason why they received votes in the race to host the 2022 World Cup.
Be bold to show “soft power”</ p>
Another notable thing is that spending more than 200 billion USD, but if only during the 2022 World Cup, host Qatar’s revenue is almost negligible. According to estimates, Qatar can earn 17 billion USD (about 422,000 billion VND) during the days of the World Cup.
This amount includes 17 billion USD (more than 42,000 billion VND from FIFA) but Of this 17 billion USD, including 440 million USD (nearly 11,000 billion VND) Qatar had to spend again on prize money for the prize. They actually received 26 billion USD from FIFA 1 (more than 31,000 billion VND).
The remaining amount is from tourism during the World Cup season Cup. Al Jazeera channel informed: “Without tickets to watch matches at the 2022 World Cup, foreigners are not allowed to enter Qatar from November 1 until the end of the World Cup”.
” Visitors to Qatar will buy goods, drinks or anything else from brands that are World Cup and FIFA partners that contribute to Qatar’s revenue. There are also taxes that brands must deduct money returned to the host country according to the agreement” – Al Jazeera added.
Meanwhile, a report on the World Economic Forum said: “Hotel prices skyrocketed during the period World Cup, but the salaries of service workers do not increase proportionally, meaning profits will be higher than normal.”
All of these amounts are converted into numbers. The above 17 billion USD revenue is for Qatar during the World Cup season.
However, Al Jazeera media channel still concluded: “At least in the short term, organizing a World Cup does not make sense. financially. Hosting the World Cup is a way to demonstrate soft power.”
“The World Cup gives the world a different view of Qatar promoting infrastructure development that promises the world that Qatar can become a good place to invest or do business” – the host country’s media analyzed.
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