Saudi Arabia is preparing to host the 2034 FIFA World Cup, and this event is expected to have a positive impact on the country’s stock market. It is anticipated that the World Cup will boost Saudi Arabia’s non-oil economy by 4% to 5% over the next four to eight years.
The country is expected to perform better than other emerging markets, similar to the experiences of previous host nations like South Africa, Russia, and Qatar.
In the short term, the infrastructure projects required for the World Cup, such as building stadiums, transportation networks, and urban development, will support sectors like construction and steel. These projects are expected to create jobs and stimulate economic activity, benefiting these industries.
As the World Cup draws closer, other sectors like tourism and retail are also expected to grow. The increase in visitors and international attention will help boost businesses in these areas, contributing to long-term economic development.
Hosting the 2034 World Cup is also in line with Saudi Arabia’s Vision 2030, which focuses on diversifying the economy away from oil.
The event will provide a unique opportunity to showcase the country’s growth in sectors such as tourism, retail, and infrastructure, further strengthening its economy.
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