“Revenue of up to $ 17 billion” .. How did Qatar benefit “economically” from the World Cup 2022?

“Revenue of up to $ 17 billion” .. How did Qatar benefit “economically” from the World Cup 2022?

According to the economic expert, Qatar spent about 200 billion dollars on the basic facilities of roads, bridges, ports, airport, metro of tunnels, housing, tourism and free zones, in addition to advanced stadiums and sports facilities, especially 8 stadiums according to the latest international specifications.
Hashem Al -Sayed said that Qatar is preparing to host about 1.

2 million visitors during the World Cup, which will last for a month, while financial returns are expected to be achieved by about 17 billion dollars, which will create promising opportunities for the various sectors, including real estate, trade, tourism, aviation, transportation, and others.

Al -Sayed revealed that hotel reservations are witnessing records, as there are 30 thousand rooms about 43 thousand beds, and 128 hotels, noting what Qatar has announced for tourism about the opening of 50 new hotels during the current year, explaining that so far 2. 89 million tickets have been sold, and 2 million hotel nights were sold And 240 thousand hospitality packages for the championship.

The economist noted that the housing and rent sector is an unprecedented boom, since the beginning of this year, pointing to noticeable increases in the rent of housing units ranging from 10% and 40%.
In its annual report, the Planning and Statistics Authority expected the Qatari economy to grow during the current year 2022 between 1. 6% and 2. 9%, up from a range of 1. 5%- 2. 3% in 2021, driven by the improvement of the majority of economic activities and the hosting of Qatar World Cup 2022.

The Qatar Tourism Authority announced the opening of 50 new hotels this year, and the Qatari hospitality sector achieved positive returns, while the supply of the rooms is constantly increasing, registering 30 thousand rooms until the aforementioned month.

Also, the prices of hotel reservation are witnessing a significant increase, so we find 4 -star hotels and 5 stars, the cost of one night ranges from 3 to 5 thousand dollars, and hotels with two stars and 3 stars are 500 to 2000 dollars per night.

There are also tourist ships that will provide about 5,000 rooms that accommodate 9,500 people, as the Higher Committee for Projects and Legacy signed an agreement with MSC for tourist ships, in order to rent two tourist ships to create a unique experience for fans, along with the desert tents.
Qatar targets between 5 to 6 million tourists until 2030, and so far tourism revenues have increased by 45% in the first half of this year 2022..

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