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FinancialNews


  • 10-11-22

    Qatar anticipate economy surge after FIFA 2022 World Cup

    (MENAFN) With FIFA World Cup only less than two weeks away from the start, a massive amount of supporters occupying Hayya cards are projected to inflow the Gulf State to observe the world’s highest prominent competition. As said by the officials in the nation, over 1 million supporters are expected to march their way into the country.

    By holding this sporting competition, Qatar targets to expand its sports, education, exchange, tourism, as well as hospitality industries. As said in a report by FitchSolutions, additional tourists are going to be witnessed entering the GCC nations during time as Qatar is 10 days away from hosting the World Cup this year.

    The report stated that “At FitchSolutions, we believe the Qatar 2022 FIFA World Cup will boost the GCC’s tourism sector and provide a tailwind for long-term growth in the industry.”

    The tourism sector is most probably going to surge Qatar’s economy and more foreign funds are estimated to be obtained in the approaching years. The report also states that “Other GCC states will accommodate fans seeking to travel to Qatar to watch the games. State-run airlines and aviation authorities from the UAE, Saudi Arabia, Oman, and Kuwait have signed agreements with Qatar to increase the number of flights during the tournament.”

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