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The Middle Eastern country is already working to host the event.

Two years after Qatar hosted the most expensive FIFA World Cup ever, Saudi Arabia has unveiled its plans for the 2034 event.

In many ways, the tournament represents the pinnacle of the country’s ongoing westernization process.

Investments in Recent Years

Three years ago, the country’s powerful sovereign wealth fund purchased Newcastle United, a Premier League club. Cristiano Ronaldo, one of the biggest names in sports, joined the local club Al Nassr for an estimated annual salary of $200 million.

Attempts to sign Lionel Messi for $400 million per year did not yield the desired result, but Brazilian star Neymar and French striker Karim Benzema are now playing in the Saudi league.

Although attendance at local matches remains low, the Saudi Pro League has managed to secure broadcast deals in over 130 countries at high rates.

Additionally, more Saudi women are becoming involved in football following the league’s rapid growth in recent years.

The Saudi Government’s Plans

The government also hopes that by investing in youth development, the sport can grow in time to feature homegrown stars for the 2034 event.

The local government hopes that the tournament will significantly boost the country’s appeal as a tourist destination.

Last week, Saudi authorities announced that by 2034, 15 football stadiums will be ready, 11 of which will be newly built.

In addition to Riyadh, the others will be in Jeddah, Al Khobar, Abha, and Neom, a completely new urban area in the northwest of the country.

All the stadiums will have more than 40,000 seats, as required by FIFA.

The most striking of these is, of course, the Neom stadium.

Located within the Line project, envisioned as a pair of mirror-clad towers that will eventually stretch about 105 miles, this facility will rise 350 meters above the ground and run entirely on renewable energy.

The Economic Impact

It is currently unclear how much all of this will cost, but Qatar spent around $300 billion.

For Saudi Arabia, the total expenditure would likely be lower due to lower oil prices.

However, expected foreign investments are proving more limited than anticipated, and the budget deficit has already forced the government to closely monitor overall spending.

The capital Riyadh is benefiting from these circumstances, as its developments are prioritized over those in Neom, where The Line has already seen some plans scaled back, according to Bloomberg News.

There are also long-term costs to consider.

State lenders that helped Doha finance the 2022 World Cup—from highways to hotels, stadiums to sewer systems—are struggling with rising loan losses, according to Bloomberg News. Crown Prince Mohammed bin Salman will want Saudi Arabia to avoid similar situations.

The Middle Eastern country is already working to host the event. Two years after Qatar hosted the most expensive FIFA World Cup ever, Saudi Arabia has unveiled its plans for the 2034 event. In many ways, the tournament represents the pinnacle of the country’s ongoing westernization process. Investments in Recent Years Three years ago, the country’s powerful sovereign wealth fund purchased Newcastle United, a Premier League club. Cristiano Ronaldo, one of the biggest names in sports, joined the local club Al Nassr for

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Liverpool has chosen one of the most advanced technologies to improve its performance. Liverpool Football Club is harnessing the power of artificial intelligence (AI) to revolutionize its approach to corner kicks. By integrating advanced technologies into their preparation and game strategies, they aim to gain a competitive edge in the Premier League. AI Integration in Training Liverpool's technical staff has adopted AI to analyze a vast amount of data from past matches. This technology examines player positioning, opponent tendencies, and the effectiveness of various

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The photo in question did not go unnoticed by football fans. Ravenna supporters went wild, hoping that the champion might join their club. Unfortunately, it was just a jersey swap with the president of the team, which plays in Serie D. In exchange, the entrepreneur received a jersey from Ronaldo "the Phenomenon," and the whole event was captured in a photo. (Cover photo taken from Ravenna’s Instagram profile) Who is the president of Ravenna? The club is headed by Ignazio Cipriani, a young entrepreneur with a

Summer is the perfect time to dive into the fascinating world of football, not just as a game but as a complex and rich industry full of stories. With the new football season around the corner and the seventh edition of the Social Football Summit (SFS) on the horizon, it’s the ideal period to explore the various aspects that make football a universal passion and a global business. Our selection of books offers a unique overview of how football intersects with

A first in European Football: the Club will guarantee automatic contract renewals for female players in the event of pregnancy during the final season of their contracts In what is a first among the élite clubs of European football, AC Milan presents an innovative maternity policy for its female players and staff, formally ensuring a series of protections during pregnancy and early childhood that go beyond current regulations. According to the 2017 FIFPRO Global Employment Report, a global study on working conditions in

We are pleased to announce the SFS Awards 2024, an annual celebration of excellence in the world of football. Established in 2018, these prestigious awards recognize professionals and organizations that have distinguished themselves during the football season for their exceptional skills and achievements across various categories. The 2024 edition will take place on November 19th in Rome. Following previous ceremonies held at iconic locations such as the Chiostro del Bramante and the Acquario Romano, this year’s event will also be hosted at a

A new report published today by European Club Association lays bare the challenges facing young players as they make the step up from academy to playing at senior level, possibly the most challenging step during a player’s entire career. The report, Transition from Academy to First Team football, has been produced by ECA in association with Football Benchmark and is the latest in a series of studies by the association on youth football. Ultimately, the key objectives of the study were to

Football, one of the most beloved and followed sports in the world, is undergoing continuous evolution thanks to innovation. This transformation is not limited to the game itself but also involves team management and fan experience. Digitalization, which has been accelerating for years and even more so during and after the pandemic, has introduced new technologies and ideas into the football sector, making it more dynamic and interactive. Today, the football industry goes far beyond the simple game on the field.