Qatar, which hosts on an average more than 150 sport events annually, on Monday showcased the multi-billion riyal opportunities in the short to medium term in various fields within the sports sector as the country hosts the FIFA World Cup in 2022 and Asian Games in 2030.
A projection by Sport Accelerator shows that by 2025, the estimated local market size of Qatar’s facilities management is expected to be QR25bn; industries catering to sports education (QR530mn), sports medicine (QR403mn), sports tourism (QR48mn), sports data and analytics (QR21mn) and sports merchandising (QR17mn).
Highlighting that Qatar is open for business, Majed al-Amari of the Business Acquisition department of the Qatar Financial Centre (QFC) said the sport opportunities are in the areas as medical and sanitising, fan engagement, e-sports, marketing and media, venue management and ICT.
The QFC has been licensing fan engagement activities, sports consultancies and lot of them are coming in through the centre, he told a webinar 'Emerging Opportunities in Sport Tech', organised by the QFC.
The opening of the FIFA 2022 management office is one of the biggest add on to the public register of the QFC, he added.
"During and after the Covid-19, different business opportunities will rise due to the situation and to be able to cope quickly after the situation," al-Amari said, adding the fastest growing economy that invests massively in the future and the fact that it has become hub for international business make Qatar an ideal ground for doing business.
In addition to the economic and sports infrastructure offered by its partner organisations, he said the sport accelerator benefits from the country's position as a global business hub with a diverse growing economy.
Azzam Abdulaziz al-Mannai, chief executive of Sport Accelerator gave an overview of the services offered by the pioneer sport business hub, which brings together sport businesses under one roof.
"What we are trying create is an ecosystem for sport companies to be in the right place, thus creating a sport neighbourhood," he said, highlighting that the country on an average hosts more than 150 sporting activities of domestic, regional and international stature.
He said the Sport Accelerator has been established to leverage Qatar’s status as a global sports business hub by creating new business opportunities for the private sector, attracting foreign investment and developing Qatari entrepreneurs.
Through these activities, the Sport Accelerator will increase the share of the sports sector in Qatar’s economy, in support of Qatar National Vision 2030, according to him.
The Sport Accelerator is located in the sport city, Aspire Zone, a world class multi-purpose facility that host Aspire Academy, Aspetar and Aspire Logistics, whose vision is to become the reference in sport excellence worldwide.
Qatar SportsTech Managing Director Heba Al Masri said it will look for the 10 best start-ups in the sports technology industry as part of the fourth cohort of its Accelerator programme