The City of Gwangju has reportedly begun its final preparation work to win the hosting bid for the 2019 World Aquatics Championship as a delegation led by Gwangju Mayor Gang Woon-tae will be promoting the city in Barcelona, Spain where the final decision will be made among FINA officials.
Gwangju, Budapest, and Abu Dhabi are currently the frontrunners to win the majority of the votes at the meeting.
Taking place every 2 years, the World Aquatics Championship is considered as one of the three main single-sport events in the world along with the FIFA World Cup and the World Championships in Athletics.
If Gwangju is chosen as the host city for the 2019 Championship, the effect on the local economy is estimated to be up to 2.4 trillion won as the event would draw athletes and press attention from around the world as 202 nations would gather for the event in the month of July of that year.
In addition, more than 200 thousand foreign visitors are expected to visit the host city for the competition creating employment for an estimated 24,000 locals and as well as the expected revenues from broadcasting rights of over 18 trillion won for the City.