EXPLAINER: Qatar's vast wealth helps it host FIFA World Cup
2 years, 4 months ago

EXPLAINER: Qatar's vast wealth helps it host FIFA World Cup

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. They enjoy massive wealth and benefits fueled by Qatar's shared control of one of the world's largest reserves of natural gas. Here's a look at Qatar's economy and how this tiny country was able to spend so much to host the FIFA World Cup: QATAR'S ECONOMIC STRENGTH For most of its existence, the tribes of Qatar relied on pearl diving and fishing for survival. QATAR'S WORLD CUP SPENDING Qatar has spent some $200 billion on infrastructure and other development projects since winning the bid to host the five-week long World Cup, according to official statements and a report from Deloitte. The London-based research firm Capital Economics said ticket sales suggest that around 1.5 million tourists will visit Qatar for the World Cup.

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