Expected effects of the 2022 Fifa World Cup on Qatars economy Term Paper

judge effects of the 2022 Fifa World Cup on Qatars economy - Term Paper ExampleThis will arm Qatars national economy which shows a striking and buoyant performance amid slothful global conditions. In 2010, Qatar registered a Gross Domestic Product (GDP) of 14.0 %. The country projected that in 2011 the GDP would hit a 15.8 % mark. This steady growth in GDP presents Qatar as the fastest in economic growth among GCC surface area (Qatar First Investment Bank 4).Qatar is expected to benefit a lot from tourists activities. The estimate of the visitors in Qatar amounts to almost half million people. This is abundantst number of tourism representing about a third of Qatars population. Due to this large numbers of tourists, Qatar intends to construct 90,000 hotels and restaurants. This surpasses FIFAs requirement for Qatar to have 65,000 hotel rooms (Oxford Business Group 281). The country expects to mystify many foreign funds from the visitors which will boost the growth of well perfo rming economy. According to classic growth theory, the explosion of population will lead to high Gross Domestic Product (Barclay 66).capital of Qatar has already witnessed 65% of total visitors that come from corpo regularise sector. The overnight stays are expected to buzz off a lot of revenues for Qatar. Tourism industry anticipates raising the occupancy rates in order to profit on the FIFA World Cup. The basis of this expectation is from 2011 when hosted AFC Asian Cup. The large number f fans increased the rate of hotels to about 24 %. This was a remarkable rise when compared to the year 2010 (Oxford Business Group 285). The retailers expect to lay away a lot of money from the sales. This is due to increased domestic and foreign consumptionQatar will freshen up her infrastructure to meet the FIFA standards. The country plans to use 100 billion US dollars to expand and construct saucy system of infrastructure. Some of expected infrastructural changes will feature stadiums, r oads, communication systems, airports, and places of accommodation. Doha airport is under