Ministry of Economy and Commerce unveils investment opportunities in ticketing services
The Ministry of Economy and Commerce has unveiled new investment opportunities in ticketing services for sporting, cultural and entertainment events, based on the findings of a study on sports investment opportunities in Qatar.
The study indicated that this activity is expected to grow rapidly, from QR 30 m in 2016 to QR 62 m in 2025, at a compounded annual growth rate of 8%, as the country prepares to host major local and international sporting events such as the 2016 Road World Championship, the 2019 World Championships in Athletics and the 2022 FIFA World Cup. Qatar also hosts a myriad of annual events such as Doha Diamond League, the Qatar ExxonMobil Open tennis tournament and the Moto GP World Championship.
The study, undertaken by the Ministry in cooperation with the Ministry of Culture and Sports, the Supreme Committee for Delivery and Legacy, Qatar Olympic Committee, Aspire Zone Foundation, and Qatar Tourism Authority, is part of efforts to strengthen public-private partnerships and provide support for the sports sector.