World Cup Qatar 2022 returns could reach $6 billion: Qatar 2022 CEO

The CEO said that those who had previously visited Qatar would notice significant changes during the World Cup. (Twitter/@roadto2022news)
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Updated 25 August 2022
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World Cup Qatar 2022 returns could reach $6 billion: Qatar 2022 CEO

  • CEO said best-selling tickets were for Mexico vs Argentina match, followed by Saudi Arabia vs Argentina.

DOHA: FIFA estimates that World Cup Qatar 2022 returns could reach $6 billion, Qatar 2022 CEO Nasser Al-Khater told the Qatar News Agency. 

During a live stream on Twitter, Al-Khater told QNA that strong demand had surprised FIFA officials. He said that the best-selling tickets were for the Mexico vs Argentina match, followed by Saudi Arabia vs Argentina. Both games were sold out.

With a new phase of ticket sales starting in September, he said Supreme Committee for Delivery and Legacy officials were confident tickets would be in high demand, thanks to Qatar’s proximity to heavily populated Asian countries such as China and India, as well as some European countries. 

The CEO said that there were 3.2 million tickets available, with one third of them going to sponsors and carriers.

He said that Qatar’s successful World Cup bid 12 years ago had prompted the country to invest in infrastructure, particularly sporting facilities. Those who had previously visited Qatar would notice significant changes during the World Cup, giving fans an unforgettable experience, he said.

Al-Khater welcomed GCC citizens to Qatar, saying that their presence would benefit the World Cup, as it is the first to be held in the Arab World.

He said GCC fans could enter Qatar via shuttle flights. Al-Khater said that these one-day tickets would be announced at a later date in coordination with Qatar Airways and other air carriers. 

According to the CEO, there are plans to transfer Saudi fans to Qatar via a land crossing, with buses transporting visitors from the Salwa border crossing to Doha Metro stations and connecting them to stadiums or other state facilities.

Addressing rumors about high accommodation prices at the World Cup, Al-Khater said that some hotel rooms were selling for as little as $80 a night, with more luxurious options selling for $5,478 a night. He said that there were options at each price point.

On precautionary measures, he said that the Ministry of Health had devised a COVID-19 plan for entry into Qatar but that he hoped the tournament would take place in a normal atmosphere as the virus entered an endemic phase.

 


Citi shuts most UAE branches temporarily as banks evacuate offices in region

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Citi shuts most UAE branches temporarily as banks evacuate offices in region

DUBAI: ​Citibank will close most of its UAE branches and financial centers until March 14 as a precaution, its website showed on Thursday, as banks in the region sent staff home in response to a deepening Middle East conflict.

The US financial group’s measures are the latest sign of growing concern among banks after Iran threatened Gulf banking interests linked to the ‌US and Israel.

The ‌Citi branch in the Mall ​of ‌the ⁠Emirates in ​central ⁠Dubai is exempted from the closure, the bank said on its website, adding it plans to reopen all affected branches on March 16.

Citi had moved to a fully remote model for all UAE-based staff and was continuing to serve clients without interruption, a spokesperson for the bank told Reuters.

The US-Israeli war on Iran ⁠has so far killed around 2,000 people and ‌thrown global energy markets and transport ‌into chaos as the conflict has spread ​across the Middle East, ‌with Iranian strikes against Israel, US bases and Gulf states.

Citi told ‌its staff to evacuate offices in the Dubai International Financial Center and Dubai’s Oud Metha district this week and to work from home until further notice.

“The decision to evacuate three of our buildings and ‌to close branches in the UAE was responsive to information we received and is consistent with ⁠our commitment ⁠to prioritize the safety of our colleagues,” the spokesperson said.

HSBC, another major global bank, has closed all branches in Qatar until further notice, a customer notice said, to ensure the safety of staff and customers.

The war has dented Dubai’s sales pitch to international businesses as the region’s most reliable economic hub, prompting concerns of capital flight, layoffs and firms relocating elsewhere, Reuters reported last week.

Citi said on its website that its phone banking service in the UAE was currently operating at a ​limited capacity and the processing ​of cheques would experience delays.