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Why is Qatar Super Rich? | CDTeam - Why?
This is a historic moment for Qatar. We call it a historic moment not because it's the first time a Middle Eastern country has hosted the World Cup. It's because it's the story of a tiny nation, just fifty years ago the poorest territory of Britain, with a small population, almost entirely covered by desert, with temperatures that can soar up to 50 degrees Celsius.
Now, in 2022, this country has not only successfully won the bid to host the most exciting sporting event on the planet but also the most expensive event in its history. Look at this chart. Every World Cup, the host nation spends tons of money to organize the event, and this figure has been increasing with each tournament held every four years. But Qatar is something quite different.
And Qatar isn't a poor nation pouring everything they have into the World Cup as a gamble. They are a super-rich nation. This country consistently ranks among the top nations with the highest per capita income in the world, even doubling that of powerhouses like France or the UK.
So, how did the story of a tiny Qatar becoming so wealthy unfold? And will the people of Qatar continue to write this story?
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