FIFA World Cup 2022 is likely to
draw roughly half a million visitors, which is almost equal to a third of
Qatar’s present populace. FIFA event to be held at Qatar is anticipated to have
a significant impact on its financial system. Qatar Bid committee’s tag-line
for FIFA 2022 was “Expect Amazing”. But,
this became realism when Qatar has been awarded the right to host FIFA World
Cup 2022. Qatar is the first country in the Middle East to get this honor.
Government has geared up with huge
expense program, prior to the declaration of FIFA 2022. Qatar has came up with a plan to spend about $100 billion, being
87% of GDP on infrastructure projects as a part of the ruthless National Vision
2030, to renovate the country. The plan constitutes a number of high profile
mega projects in the areas of tourism and transportation, health and education
and also in the housing sector and a $25 billion on metro and rail networks.
The Qatar-Bahrain walkway could
finally be given the necessary focus and consideration which will see that the
project become a reality for the World Cup 2022. Hosting the FIFA World Cup
adds a sense of exigency and proffers a firm deadline for the completion of
projects. Qatar will notice an unexpected boost primarily in sports facilities
and in hotel/leisure. Qatar is all set to profit largely from currently planned
expenses, as well as from the impact of the World Cup 2022.
Construction activity in Qatar is
anticipated to witness a considerable surge. This will mobilize wide array of
infrastructure projects. Commercial and semi-residential zones are expected to see
the highest increase ahead of 2022 concerning anticipated demand. Around 12
state-of-the-art stadiums will be offered including the renovation and restoration
of three stadiums on hand. The hospitality and real estate zone are anticipated
to witness a significant boost among the others. Above all, a second
international airport is owing to open in 2012 with the capacity to handle 50m of
travelers yearly. The banking sector in Qatar is expected to play a vital role,
in order to meet all the business demands. It ensures international contributions
by offering funding to the novel competitors into the Qatar market.
Fresh reserves round the globe can
help set the stage for further growth in the future. This will enhance Qatar’s
plans to boost up tourism and to become the region’s centre of attraction. Persistent
future plans will help banks in producing revenues through exceptional growth
and enhanced fee producing businesses. The 2022 World Cup will present Qatar
with a key catalyst for ongoing reserves. Deliberated planning combined with global
proficiency and local acquaintance, Qatar can aspire to the thriving delivery
of its National Vision, and wait for a remarkable 2022 FIFA World Cup.
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