Preparations for the 2016 Olympic Games and the Impact on the Brazilian Economy

After World Youth Day in 2013 and the Soccer World Cup in 2014, Brazil is now preparing to host it’s 3rd large event in 2016 : the Olympic Games.

The city of Rio is getting ready to host the 2016 Summer Olympic Games

Since October 2009, Rio de Janeiro has ben preparing to receive the athletes and visitors from around the world for one of the largest sporting events of the planet: the Olympic Games. These are the first games in history to take place in South America and it is a new opportunity for Brazil to show its potential.

The city of Rio will continue to undergo it’s urban and social transformation: construction of express lanes, tunnels, renovation of the port area, creation of cultural spaces, road improvements and security reinforcements…

The Rio Olympic Games will have a positive impact on Brazilian Economy

The big positive point is that the investments for the World Cup will be able to serve the Olympic Games as well; thanks to the construction for the World Cup, only one quarter of infrastructure is left to build.

Already we can say that the city of Rio will be the great beneficiary of this event: since 2009 numerous large enterprises have been planning to profit from the opportunities this event offers. Also, the Games will allow Brazil to create 120 000 additional jobs from here until 2016. According the Brazilian Minister of Finance, Guido Mantega, the organization of the Olympic Games will create a growth of at least 1%.

The city of Rio has already hosted two major events in 2013 and 2014 (WYD and the World Cup). In principal they should already know what needs to be improved upon for 2016 (security, infrastructure etc.). The experience will come in handy.

Now that the World Cup is over, Brazil takes stock. There’s nothing left but to hope that the mistakes from the World Cup will help to provide a spectacular Olympics.