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How can Qatar afford to spend more than its GDP on hosting the FIFA World Cup 2022

Qatar holds 841 TCF of proven natural gas reserves. The peninsula is home to the world’s third-largest reserves of gas after Russia and Iran. The bulk of Qatar’s gas is offshore in the North Field shared with Iran.
As a result, it is the largest producer and exporter of LNG worldwide. With 77 million tonnes of LNG produced per year, Qatar accounts for 32% of the global LNG exports.
Qatar is the second-largest natural gas provider to China, supplying more than 20% of its needs.
Qatar plans to increase production output from 77 to 100 million tonnes by 2024 (40% of global LNG exports). As such, energy giants like Shell, Total and Exxon Mobil are positioning themselves to take part in this development.
With low production costs in North Field and existing infrastructure in place, Qatar is well positioned to be successful.
Located between Europe and Asia, Qatar can export towards the most attractive markets in both continents. However, the main front line for LNG market share is Asia, which consumes 70% of the fuel for mainly power generation. Thus, Qatar sells 65% of its LNG to Japan, China, South Korea, Taiwan, and India. Selling to Asia allowed Qatar to secure profitable prices, as Asian markets are willing to pay higher prices for long-term supplies and energy security.
The Hamad International Airport opened in 2014. It can handle around fifty million passengers each year. According to Airports Council International, it was the 50th busiest airport in 2016. Qatar Airways recently the best carrier at the annual World Airline Awards. It is the 4th time Qatar Airways has claimed the top award, having won in 2011, 2012 and 2015.
FOREIGN INVESTMENTS
Qatar has invested almost £40 billion pounds (S$71 billion) in Britain in recent years. It bought 22% of Sainsbury’s and 20% of London Heathrow airport. Also, it is the most significant shareholder in IAG, owner of British Airways, with a 20% interest. Also it purchased the famous Harrods store.
Qatar is also one of London’s biggest landlords. Its portfolio includes the Shard, Chelsea Barracks, Olympic Village and Canary Wharf.
Qatar supplies nearly all the UK’s LNG via the South Hook Terminal at Milford Haven.
Outside Britain, it has a 17% stakes in Volkswagen. Furthermore, In January 2014, the Qatari government purchased a townhouse for $100 million in Manhattan’s Upper East Side for its consulate.
In France, it owns Paris Saint-Germain football club. In addition, It is also the principal shareholder of Printemps department store.
The Qatar Investment Authority was set up by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes via foreign investments into European and American companies.

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