Saudi Arabia's bid to host the 2034 FIFA World Cup is expected to bring significant job creation and infrastructure development to the country, according to experts. The event could result in a GDP boost of $9 billion to $14 billion, the creation of 1.5 million new jobs, and the construction of 230,000 hotel rooms across five host cities. Hosting the World Cup will also attract foreign direct investment, diversify income sources, and boost tourism, aligning with Saudi Arabia's Vision 2030 objectives. The event demands a commitment to building state-of-the-art facilities and infrastructure, but the long-term benefits for the nation are expected to outweigh the costs.
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Original article source: https://www.arabnews.com/node/2580436/business-economy
Source Id: 2024-11-554536022