Qatar spends big to beat post-World Cup blues FMTNews FMTBusiness
DOHA: Months after hundreds of thousands of football fans packed into its hotels and stadiums, Qatar is seeking to remedy a bout of the post-World Cup blues by hosting more international events.
Qatar estimates that the World Cup, which residents once dreaded, brought 1.4 million people to the state. The tiny country has made investments in tourism and hosting more major events a focus, Baker added, predicting Qatar will welcome more than five million visitors this year – more than twice the number in pre-pandemic 2019.
On Friday, Qatar was revealed as the host of the 24-nation basketball World Cup in 2027, despite having no tradition in the sport. New prime minister Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani took office in March and is expected to soon announce new economic initiatives, in part a response to growing competition from neighbouring Saudi Arabia, which has embarked on many reforms.
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