Individuals take images in entrance of the official FIFA World Cup Countdown Clock on Doha’s corniche, in Qatar. AP
Qatar is house to some 2.9 million individuals, however solely a small fraction — round one in 10 — are Qatari residents. They take pleasure in huge wealth and advantages fueled by Qatar’s shared management of one of many world’s largest reserves of pure fuel.
The tiny nation on the jap tip of the Arabian Peninsula juts out into the Persian Gulf. There lies the North Discipline, the world’s largest underwater fuel area, which Qatar shares with Iran. The fuel area holds roughly 10% of the world’s identified pure fuel reserves.
Oil and fuel have made the 50-year-old nation fantastically rich and influential. In a matter of a long time, Qatar’s roughly 300,000 residents have been pulled from the arduous livelihood of fishing and pearl diving.
The nation is now a world transit hub with a worthwhile nationwide airline, a power behind the influential Al Jazeera information community and is paying for the enlargement of the biggest US navy base within the Mideast.
Right here’s a have a look at Qatar’s economic system and the way this tiny nation was in a position to spend a lot to host the FIFA World Cup:
QATAR’S ECONOMIC STRENGTH
For many of its existence, the tribes of Qatar relied on pearl diving and fishing for survival. Like different components of the Gulf, it was a harsh and naked existence. The invention of oil and fuel within the mid-Twentieth century modified life within the Arabian Peninsula endlessly.
Whereas a lot of the world grapples with recession and inflation, Qatar and different Gulf Arab power producers are reaping the advantages of excessive power costs. The Worldwide Financial Fund expects Qatar’s economic system to develop by about 3.4% this yr.
Regardless of a large spending spree to organize for the World Cup, the nation nonetheless earned greater than it spent final yr, giving it a comfortable surplus that’s persevering with into 2022. Qatar’s riches are more likely to develop because it expands capability to have the ability to export extra pure fuel by 2025.
Its sovereign wealth fund, the Qatar Funding Authority, manages and invests the nation’s monetary reserves.
QATAR’S WORLD CUP SPENDING
Qatar has spent some $200 billion on infrastructure and different improvement tasks since successful the bid to host the five-week lengthy World Cup, in response to official statements and a report from Deloitte.
Round $6.5 billion of that was spent on constructing eight stadiums for the match, together with the Al Janoub stadium designed by the late acclaimed architect Zaha Hadid.
Billions have been additionally spent to construct a metro line, new airport, roads and different infrastructure forward of the matches.
The London-based analysis agency Capital Economics stated ticket gross sales recommend that round 1.5 million vacationers will go to Qatar for the World Cup. If every customer stayed for 10 days and spent $500 a day, spending per customer would quantity to $5,000, the analysis agency stated. That might quantity to a $7.5 billion enhance to Qatar’s economic system this yr. Nevertheless, some followers might fly in only for the matches whereas staying in close by Dubai and elsewhere.
QATAR’S LAVISH BENEFITS
Like different wealthy petro-states within the Gulf, Qatar isn’t a democracy. Choices are made by the ruling Al Thani household and its selected advisors. Residents have little say of their nation’s main coverage selections.
The federal government, nevertheless, supplies residents with huge perks which have helped to make sure continued loyalty and assist. Qatari residents take pleasure in tax-free incomes, high-paying authorities jobs, free well being care, free larger training, monetary assist for newlyweds, housing assist, beneficiant subsidies that cowl utility payments and plush retirement advantages.
The nation’s residents depend on laborers from different international locations to fill jobs within the service sector, resembling drivers and nannies, and to do the robust building work that constructed modern-day Qatar.
QATAR’S MIGRANT LABOR FORCE
The nation has confronted intense scrutiny for its labour legal guidelines and therapy of lots of of 1000’s of migrant employees, largely from India, Bangladesh, Pakistan, Sri Lanka, Nepal and different South Asian international locations. These males stay in shared rooms on labour camps and work all through the lengthy summer time months, with only a few hours of noon respite. They typically go years with out seeing their households again house.
The work is commonly harmful, with Amnesty Worldwide saying dozens might have died from obvious warmth stroke.
Rights teams have credited Qatar with bettering its labour legal guidelines, resembling by adopting a minimal month-to-month wage of round $275 in 2020, and for dismantling the “kafala” system that had prevented employees from altering jobs or leaving the nation with out the consent of their employers.
Human Rights Watch, nevertheless has urged Qatar to enhance compensation for migrant employees who suffered damage, dying and wage theft whereas engaged on World Cup-related tasks.
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