FIFA World Cup brings tourism, economic growth to Dubai – News

Given Qatar’s status as a major regional tourism hub, Qatar’s limited capacity to accommodate football fans means that neighboring cities such as Dubai will see a surge in tourist numbers

The main industries that will benefit from this major sporting event are food and beverage (F&B), real estate, travel and hospitality.

The economies of some GCC countries and the UAE are expected to get a boost as the FIFA World Cup kicks off in Qatar, with some 1.2 million tourists expected from around the world.

Qatar’s limited capacity to accommodate football fans has meant a surge in tourist numbers from neighboring cities such as Dubai, as it is a leading regional tourism hub for tourists traveling to Qatar. After Expo 2020, the emirate can foresee a similar boom in tourists visiting the country in the winter of 2022.

The main industries that will benefit from this major sporting event are food and beverage (F&B), real estate, travel and hospitality.

Dubai has launched a shuttle flight from Dubai to Doha for passengers flying to Doha for the race between 20 November and 18 December 2022, which will really boost traffic to the country.

The UAE government also announced its decision to issue multiple-entry tourist visas to Hayya cardholders to facilitate travel to major tournaments in the 2022 FIFA World Cup.

Beyond real estate, the 2022 FIFA World Cup is expected to attract investors and high-net-worth individuals (HNWIs) to experience Dubai’s heyday and take advantage of gradual changes in the UAE’s laws on business and residence.

The number of transactions in the real estate market hit a record high this year. In addition to the World Cup, the UAE will also host various events during the winter from October to March, such as the Dubai Shopping Festival, Expo City, and the Global Village, to attract tourists.

Businesses can take advantage of a thriving local economy despite the global economic downturn. Entrepreneurs will be eager to invest in new ventures and set up operations in the UAE while conditions remain favorable for growth and prosperity.

Ravi Krishnan is managing director of business consulting firm Ascent Partners. The views expressed are his own and do not reflect the policy of the newspaper.