Economic Development

The government of Qatar has facilitated all the financial requirements of the world cup in

2022. The Mega sporting event committee has involved in the process and is also taking an

interest in the sustainability of economy and finance. With the 'Qatar national vision, 2030'

implantation of the economic policies will be taken seriously by the country. Before the

declaration of FIFA, Qatar had a GDP growth of around 55%, with an employment rate of 5%.

The unemployment rate was seen to be decreased at a rate of 0.5%. Presently, the economic

policy of Qatar is focusing on the domestic and foreign investments made for the up-gradation of

the oil and gas sector1. On the other hand, the implications rising due to the financial crisis is

valid is most of the Asian countries.

The oil and gas reserves are not expected to run out in recent times. During the

preparations of world cup 2022, the revenue earned from the oil sector is believed to support

resource management. After the investments from foreign bodies during the world cup 2022, the

economy of Qatar is predicted to rise from its present status. It will come up as a wider economy

amidst the lands of the Middle East and North East. Economic development lies with the

dimensions of human development, economic development, social development, and

environmental development. Therefore, the economy of Qatar will develop after hosting the

"Federation International Football Association (FIFA)" World Cup in the year 2022. 

1
Henderson, Joan C. "Hosting the 2022 FIFA World Cup: opportunities and challenges for Qatar." Journal

of Sport & Tourism 19, no. 3-4 (2014): 281-298.