When it comes to the tournament's revenue, it is important to differentiate between the revenue FIFA is receiving compared to the revenue Qatar itself will obtain. According to Forbes, FIFA is reaping 7.5 billion USD of revenue while Qatar is receiving only 1.56 billion USD.
The 2022 World Cup in Qatar will leave a lasting legacy for the country. The extensive infrastructure development, boost to the tourism industry, and potential growth of the sports sector will positively impact Qatar and the region for years to come.
The prize money for participating teams at the 2022 World Cup ongoing in Qatar is a whopping total of $440 million. The 2022 tournament featured 32 teams from various countries across the globe.
In 2022, Qatar's economy expanded by 4.8%, thanks in large part to the outsized impact of the World Cup. This is mirrored in the performance of the non-hydrocarbon sector, which grew by 6.8% — its fastest rate of expansion since 2015, according to Oxford Economics.
Qatar's economy is set to grow at 4% in 2023, which is lower than the 4.75% growth clocked in 2022, but is not worrisome as it is temporary, Standard Chartered said in a report.
Despite Qatar's challenges and obstacles in preparing for the World Cup, the country hosted a remarkably successful tournament. The stadiums, transport and hospitality sector infrastructure were ready on time, and the event has been hailed a resounding success by fans and players alike.
Revenue from the FIFA World Cup Qatar 2022™
The sale of rights relating to the FIFA World Cup Qatar 2022™ made up the majority of FIFA's revenues (USD 6,314 million or 83%) for all categories. This was a record high and the tournament was the most profitable in FIFA's history.
Qatar spent some $220 billion over 12 years getting ready to host the championships, shelling out $6.5 billion to build seven of the most technologically advanced stadiums in the world, and to renovate another.
It will be, by far, the most expensive World Cup in history. Qatar is estimated to have spent as much as $220 billion in the dozen years since being chosen as a World Cup host in late 2010, more than 15 times what Russia spent for the 2018 event.
For Qatar, the road to host the tournament was rocky. In a technical report FIFA staff rated Qatar's bid to host the tournament “medium to high risk.” They cited the country's blazing summer heat, lack of infrastructure, and limited history of success in FIFA tournaments .
So, Qatar's World Cup commitment is clear; all eight World Cup stadiums will be put to good use. From sports hospitals to their own Qatar Sports League, the country will get the best out of these state-of-the-art facilities to ensure the legacy of the 2022 World Cup is cemented for years, if not decades, to come.
Today, Qatar has the world's third-largest proven natural gas reserve, after Russia and Iran, and is the second-largest exporter of natural gas. Oil and natural gas account for more than 70% of total government revenue, more than 60% of gross domestic product, and roughly 85% of export earnings.
Initial reports last year indicated that 47-year-old Beckham was being paid $180 million over 10 years to promote Qatar, but more recent reports indicate he will receive around $15 million a year for three years with an option to extend.
One of the most obvious issues is the stadiums. Of the eight venues, seven have been built from scratch for Qatar 2022. The government says the cost of constructing them has been $6.5 billion. Once the World Cup is over, the country of just 2.8 million people will have no need for so many large venues.
In 2020 GDP PPP ~260 billion dollars.
Qatar has built over 100 new hotels to host teams, fans and sponsors during the World Cup.
FIFA revenues come from the sale of television broadcasting, marketing and licensing and hospitality rights and ticket sales. For the 2019-2022 financial period, FIFA revenue totalled to a new record of USD 7,568 million.
With the World Cup 2022 taking place in a Middle Eastern country, FIFA's predicted net income was $4.7 billion, nearly the same as the FIFA World Cup 2018 in Russia. FIFA had contracts worth around $3.8 million, or approximately 82% of the overall target, through the end of December 2020.
The FIFA World Cup's trophy is made of pure 18-carat gold and it is worth around Rs 144 crore (US $20 million or £16.4 million).
As the hype faded, criticism over cost overruns and the exaggeration of social benefits grew. The economic benefit of hosting the quadrennial World Cup may also be a myth, with no evident boost in the immediate aftermath of the event, according to a recent paper from the University of Surrey in the UK.
“David has been visiting Qatar regularly for over a decade and went on to play for PSG so he has seen the passion for football in the country and the long-term commitment that's been made to hosting the World Cup and delivering a lasting legacy for the region,” a spokesperson for Beckham tells The Athletic.
Nicki Minaj, Colombian singer Maluma, and Lebanese singer Myriam Fares collaborated on the World Cup official anthem, Tukoh Taka. And David Beckham was paid a reported $241 million US for serving as one of Qatar's celebrity ambassadors.
The former England captain's endorsements for the host nation have included a promotional film for Visit Qatar. “The modern and traditional fuse to create something really special,” he said. In a subsequent video message, he said that the World Cup would be a platform for progress, inclusivity and tolerance.