World Cup to provide an extra economic boost to GCC: S&P survey

The logistical challenge of managing one of the world’s largest sporting events would more likely have a positive economic spillover on the rest of the GCC.

RIYADH: Gulf Cooperation Council economies stand to benefit from the FIFA 2022 World Cup, as more than 1.2 million fans are expected to attend the event, a survey conducted by S&P Ratings revealed.

This influx will increase Qatar’s population by 1.5 times, allowing the Arab nation to experience near-term economic gains.

Moreover, the logistical challenge of managing one of the world’s largest sporting events would more likely have a positive economic spillover on the rest of the GCC.

According to the report, Dubai would benefit the most outside Qatar because of its geographic proximity, well-developed tourism industry, airline connections and multiple-entry tourist visa provisions.

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Image Credit: shuttershock

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