The FIFA World Cup has started in Qatar from 20 November. Amidst all the controversies, the FIFA World Cup has finally started. Let us tell you that this is happening for the first time in the history of 92 years that the FIFA World Cup has been organized in a Middle East country.
How will Qatar benefit from the FIFA World Cup? How much investment, how much spending has been done by the host country Qatar for this World Cup and what can be the benefit for it in the future.
The FIFA World Cup to be held in Qatar is the costliest World Cup in history. In 2010, Qatar won the bid for the FIFA World Cup. It is being said that Qatar has spent 15 times more on this 2022 FIFA World Cup than Russia spent on FIFA World Cup in 2018. If you look at the last FIFA World spending, the 1994 FIFA World Cup cost $500 million. $2.3 billion in 1998
How much has Qatar spent so far on FIFA world cup 2022
$7 billion in 2002, $4.3 billion in 2006, $3.6 billion in 2010, $15 billion in 2014, $11.6 billion in 2018 and this time $229 billion i.e. Rs 17 lakh crore has been spent by Qatar. What is it that cost so much this time? See, in these 12 years, Qatar has got 8 stadiums out of which 7 are new and 1 has been renovated. Hotels road, airport upgradation, laying of new railway line for guest stay
Infrastructure has been spent. Apart from this, it is very hot in June and July in Qatar. That’s why the World Cup has been organized in winters. To keep the stadium cool, Qatar has purchased advanced air conditioning cooling systems. Also, the special grass used in the stadium has been bought from America. Clippers In 2017, Europe’s largest security company signed a contract to buy 24 fighter jets, 9 advanced Hawk Mk 167 training jets for Rs 65,000 crore.
Apart from this, asked for special protection technology from Britain for their 2012 Olympics. Better’s National Security Center will do surveillance of the country through drones, CCTV ansers. More than 20,000 volunteers have been associated for the Qatar FIFA World Cup, so arrangements have been made for their accommodation and food. Along with this, arrangements have been made for swimming pool, restaurants, pa, fitness center, wateraid, venture park, scuba diving and go kart for the players, so the entire expenditure has been incurred in all these things. See, it is usually believed that the host country earns a lot from the World Cup, but the truth is
Supreme body and football i.e. FIFA profits more than the host country. This time also Qatar will not get much benefit financially, but FIFA can earn 5.31 trillion rupees. On the other hand, Qatar has been estimated to earn Rs 1.27 lakh crore. But there may not be much benefit technically, but these future host countries get a lot of benefit because further investment avenues are opened. FIFA gives prize money during the World Cup
Apart from this, FIFA also gives some percentage of its profits for the development of football in that country after the World Cup. They also explain to you the maths of hosting a little tournament. See, any host country spends money in trillions, it spends a huge amount. Despite this, for the World Cup, they will not get much profit financially.
But with such an event, the financial strength of that country comes in front of the world, which increases the confidence of investors. Better infrastructure is also useful in the future of countries. Plus here, other countries demand a strong country from the perspective of business. On the other hand, if the hosting countries work with a good strategy, then there is a positive impact on their economy as well. That country becomes a contender for big tournaments in the future. This time 1.3 million people are expected to visit Qatar for the FIFA World Cup. This is what the organizers believe
That if a World Cup fan stays in Qatar for 4 days, the cost for the match would be around $300. That is, it will cost ₹ 24,519, so Qatar is expected to earn in this way also. You take a look at the income and expenditure of the FIFA World Cup 2022. FIFA will earn 5.31 trillion rupees, 1.27 lakh crore rupees can be benefited by Qatar, 229 billion dollars have been spent in hosting in Qatar.
Qatar has spent 8175 lakh crores only and only on security arrangements. Close to 30 lakh tickets have been sold for the World Cup so far, which is estimated to earn 40.83 billion rupees. The total prize money of the tournament is 35.96 billion rupees. 3.59 billion rupees will be available. The team that became the champion had a complete account of this. We have told you completely that in what way Qatar can be benefited.