British PM David Cameron pointed out that the Olympics and Paralympics would bring in a total of $20.15 billion to the UK's economy over the next four years.
As much as $9.3 billion would come from foreign investment, $6.2 billion in high-value contract opportunities, $3.56 billion from extra tourism and $1.55 billion from additional sales by UK companies, Cameron pointed out. Meanwhile UK-based companies have already won more than $10bln worth of contracts for the games, David Cameron added.
“The Games will bring British businesses together with potential investors and trading partners from around the globe,” British PM said.
About 4.5 million extra people are expected to visit the UK after the Games, contributing to over $3.56 billion worth of spending from extra tourism.
Meanwhile a study by Lloyds Bank, a sponsor of London 2012, published this week claims the games will bring up to $25.6bln to the economy by 2017 and will create as many as 62,000 jobs.