Nov. 20 is the opening day of the a lot anticipated FIFA World Cup in Qatar. The nation is estimated to have spent roughly $229 billion on internet hosting the occasion, making it the most costly World Cup ever, and greater than 4 instances as expensive as all tournaments mixed since 1990.

However apart from the dignity concerned with internet hosting the most important soccer event on the earth, it might draw huge publicity to a rustic: an inflow of tourism, the potential for overseas commerce, new growth and jobs. For Qatar, the tiny Gulf nation wanted stadiums and infrastructure and used 1.7 million employees, 90% overseas, to assist get the nation prepared.

The query stays, will the glory and questionable short- and long-term financial impacts outweigh the debt? Many consultants say no.

Produced by: Darren Geeter
Senior Managing Producer: Tala Hadavi
Graphics by: Jason Reginato, Alex Wooden

Chapters:
00:00 Introduction
1:20 Getting the bid
3:10 Financial impression
5:42 Lengthy-term dangers
9:22 Qatar
10:57 Way forward for internet hosting

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

About CNBC: From ‘Wall Road’ to ‘Important Road’ to award successful authentic documentaries and Actuality TV collection, CNBC has you lined. Expertise particular sneak peeks of your favourite reveals, unique video and extra.

Join with CNBC Information On-line
Get the newest information: https://www.cnbc.com/
Observe CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Observe CNBC Information on Fb: https://cnb.cx/LikeCNBC
Observe CNBC Information on Twitter: https://cnb.cx/FollowCNBC
Observe CNBC Information on Instagram: https://cnb.cx/InstagramCNBC

#CNBC

Why Internet hosting The World Cup Is A Dangerous Thought For International locations

dratef