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Behind the Money

Qatar’s $200bn bet on the World Cup

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4350 Ratings

🗓️ 23 November 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

Qatar is in the spotlight as the host of this year’s World Cup — and the small, oil-rich nation has had to confront a lengthy human rights record with the world watching. The FT’s Gulf correspondent Simeon Kerr breaks down Qatar’s larger goals due to hosting the tournament, and what changes it has — and hasn’t — made to see those through. 


Clips from BBC, AP, PBS NewsHour, France24, The Guardian


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For further reading:

The ethical case for watching this possibly unethical World Cup

Qatar counts down to World Cup kick-off after $200bn soft power bet

How the unlikeliest World Cup ever came to be

Qatar 2022: the weirdest World Cup in history

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On Twitter, follow Simeon Kerr (@simeonkerr) and Michela Tindera (@mtindera07)


Read a transcript of this episode on FT.com



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Transcript

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When you fly into Doha, the F.T.'s Gulf correspondent, Simeon Kerr, says you can see a lot of what fuels Qatar's economy.

0:41.3

When you're landing in a plane, you can see bits of like industrial infrastructure, oil and

0:46.3

gas infrastructure.

0:47.3

If you come at night you'll see the flaring of the gas from the oil and gas fields. But this small Gulf nation has changed significantly over the last few years.

0:57.0

It's the host of this year's FIFA World Cup, which is happening right now,

1:02.0

and it's spent over a decade preparing for it.

1:06.2

It's shelled out $200 billion, making it the most expensive World Cup of all time. And Simeon says you can see some of this investment from the second your plane lands

1:18.0

You arrived in this

1:20.1

brand new airport very dark dark, but kind of futuristic, almost like something out of a Star Wars set and come through and then there's this massive Teddy Bear.

...

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