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Hello and welcome to finance blitz in this video. We are going to investigate the economic impact of the World Cup on Guitar. We will explore the following points, background and controversies, expenses and infrastructure development, direct and indirect economic benefits conclusion and final thoughts. Let's dive in The decision to award the 2022 World Cup to Qatar has been shrouded in controversy since the announcement was made back in 2010. 1 of the main criticisms of Qatar's bid is a country to alleged use of corrupt practices to secure hosting rights. In 2015, the FIFA Ethics Committee launched an investigation into the bidding process for the 2018 and 2022 World Cups and found evidence of improper conduct by certain members of the bid committee's. However, the committee cleared Qatar of any wrongdoing. Another major concern surrounding Qatar's bid As the country's human rights record. Qatar has been criticized for its treatment of migrant workers who make up a significant portion of the country's population. These workers have been subjected to poor working and living conditions as well as abuse and exploitation. In response to these criticisms, the Qatari government has stated that it had implemented some reforms to improve the conditions of migrant workers, but many believe that more needs to be done. Despite these controversies, Qatar defended its bid to the host the World Cup. The country has invested heavily in the infrastructure projects included the construction of new stadiums and transportation systems. In preparation for the event. These projects are expected to provide a significant boost to the country's economy and create jobs for locals and migrants alike. Some also question the economic benefits of hosting the World Cup for Qatar. In a report for the brookings institution, Economics, David Dollar and research assistant Jadida Majzoub argued the costs of hosting the event are likely to outweigh the benefits for Qatar. They point out that the construction of a new infrastructure projects may lead to short term economic growth, but the long term benefits are uncertain. Additionally, they note that hosting the World Cup may divert resources away from other areas of the economy that could be more productive in the long run. Despite the controversies and questions surrounding Qatar's bid, the country is set to host the World Cup in 2022. It remains to be seen what the economic impact on the event will be for Qatar. But it is clear that the decision to award the hosting rights to the country that has been met with significant scrutiny and debate For the 2022 World Cup and guitar. The country has reportedly invested over 220 billion in the construction of new stadiums, hotels, transportation systems and other facilities. One of the most expensive projects and guitars, preparations for the World Cup is the construction of new stadiums. The country built seven new stadiums and renovated an existing one for the event. The most expensive of these is the loose sale iconic stadium, which costs around $767 million to build, and the Al Bayt Stadium, which cost $847 million to build. In addition to the stadiums, Qatar also built new hotels and other types of accommodation to accommodate the millions of visitors that tend to World Cup.