Qatar world cup 2022- shading lights on the economic sides

in LeoFinance3 years ago (edited)

First things first, I should introduce you the most 2 important factors about Qatar, the size and population of the country.

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This is the Arabic countries map, and this tiny circle is 🇶🇦, as for population, there are about 350 thousand citizens, and about 500 thousands residents in Qatar.
In 2010, Qatar got the honor of hosting the football world cup 2022, and their budget was almost infinite ♾️ for this to work.

#Constructions

1- Qatar's file applied for hosting the Mondial contained building 8 Football stadiums, and remodeling 3 excited stadiums, with total announced cost of 4 Billion dollar.

2- Since Qatar have got only one international airport ( which is more than enough for the country), that airport is NOT enough to host the numbers excepted to visit the country, so Qatar promised to build another international airport with the capacity of 50 million passenger per year, this airport costed about 13 billion dollar.

3- Qatar promised FIFA to build about 64 residintal compound to host 64 National team,
Journalists, personalities escorting the delegations, ETC...
Will cost a few billion dollars.

4 - a 100 hotel to host the fans of national teams

5- Naval yard to host tourists Yachts, and rented Yachts for tourists to ride

6- a brigde connects Qatar with Bahrain contains a railroad will cost little above 20 Billion dollar

7- a railroad connects Qatar with KSA costs 5 billion dollar.

8- subway connects Qatar's Cities costs 20 billion dollar

9- Qatar Promised FIFA to build 22 Football stadiums in the poor countries after the Worls cup.

#Analyzes

The Constructions listed above, are useless before and after the world cup, they are usefull only at world cup.
The total estimated cost of World cup 2022 is 220 Biliion Dollar, there is NO Doubt that Qatar will NOT be able to return 10% of that amount of money, because 10% is 22 Billion Dollar, and that's so so much money.
The country population as mentioned is 350 thousand Citizens and 500 Thousand residents, total of 850 thousand person live there, so the previous Infrastructure was more than perfect for the country, now they've constructed a new ( useless) constructions that needs annually operating budgets.

#Bottom line

Qatar spent 220 Billion dollar, and pawned their Gas ( main source of income) for 12 year just to brag about being the first medeterian country hosted the world cup, with this hosting, the fine economic days of Qatar are about to end, in the past few weeks, we started to hear rumors about ending their Investments in sport, and they will sell PSG after World cup, I wonder if that has anything to do with this article.