Jump to navigation

Egypt

Egypt plans to make Olympic bid despite fears over costs

ANOCA head says the state is determined to become the first country on the continent to host the Games

Egypt will bid to host the 2036 and 2040 Summer Olympics, says Mustapha Berraf, the Algerian head of the Association of National Olympic Committees of Africa (ANOCA), following a fortnight of mixed athletic success in Paris for the continent.

The continent has never staged an Olympic Games and Cairo last made an unsuccessful bid for the Olympics in 2008. The Games will head to Los Angeles in 2028 and Brisbane in 2032, increasing the chances of them being awarded to an Asian or African country after that.

African nations had mixed success in Paris. Although Botswana’s Letsile Tebogo won a surprise gold in the men’s 200 metres – prompting President Mokgweetsi Masisi to declare a public holiday – only 12 African countries made it onto the medals table. Kenya’s tally of 11 medals, including four gold, led the continent, while Egypt’s three medals and one gold, ranked them 52nd in the table.

Egypt and South Africa – which hosted the 2012 World Cup – are best placed in terms of existing sporting infrastructure to host the Games.

‘Africa has the chance of organizing the Games. It will most likely organise the Games in 2040,’ said Berraf, who is also an International Olympic Committee member.

‘There is a need to look at infrastructure issues such as roads and airports. Egypt has important infrastructure potential,’ he added.

Despite hosting one of the cheapest Games in recent history, Paris still spent US$4.5 billion on infrastructure, as part of between $10-11bn in estimated spending, significantly higher than the $8bn initially budgeted for, though this was well below the 352% and 130% cost overruns incurred by Rio de Janeiro and Tokyo respectively.

However, hosting the Olympics carries far more financial risk for organisers than football’s Blue Riband event. Tokyo’s delayed Summer Games generated $5.8bn in revenue and $13bn in costs, and there is little evidence that increased tourist revenue does much to offset the costs.



Related Articles

Ambushing the revolution

Oppositionists want sweeping constitutional change; the military wants quick fixes to the old constitution, then fresh elections

Political tension is rising again over the military’s plans to hold constitutional and presidential elections within six months, a move which would benefit mainly the formerly ruling National...


Telling the story

As the 13 May deadline for the Nile Basin Initiative Cooperative Framework looms, Egyptian efforts to stop the deal have become more apparent. The stances taken by Burundi...


Filling in the blanks

El Sisi is concentrating on building a political power base and leaving trusted technocrats to tackle the tough economic challenges ahead

With the formalities of yesterday's presidential inauguration behind him, Field Marshal Abdel Fatah Khalil el Sisi's key new challenge is to ensure that he wins a solid majority...


Back to the IMF…again

Egypt is looking for a bailout for the third time since 2016, as the Ukraine war hits the economy and foreign portfolio investors head for the exit

The unfolding economic damage from Russia's war on Ukraine has again exposed Egypt's vulnerability to rising food and oil prices and the fickle money markets. On 23 March,...


Nuclear-powered brothers

With the political endgame well under way for President Hosni Mubarak, his government is expanding its nuclear ambitions. Given that Mubarak has been a loyal Western ally, his...