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

Banking bust-up

Egypt wants its own man to run an all-Africa bank everyone else is angry

Leadership in Africa is an old Egyptian dream. It looks a lot less solid since President Hosni Mubarak's government expelled Jean-Louis Ekra, the new Ivorian president of Afreximbank,...


Tax threat to IMF deal

The uproar caused by President Mohamed Mursi’s declaration of full powers on 22 November threatens Egypt’s efforts to mobilise funds from the International Monetary Fund and other donors...


What lies beyond Tahrir

The revolution will remain under threat from the military’s grip on political power, the best guarantee of its privileges

Clashes between a military bereft of strategic vision and an ascendant Islamist majority in Parliament and on the streets will dominate politics this year. Minorities such as liberals,...


East of Suez

Cairo is allowing a shipping company reportedly owned by the Chinese military to use ports on the Suez Canal. The 7 May agreement was reached after years of...


Sisi in the city

President Abdel Fattah el-Sisi's appearance in New York for the 73rd session of the United Nations General Assembly proved a rare diplomatic tour de force for Egypt's government....