Hosting the Rugby World Cup could generate up to €2 billion for Ireland’s economy, according to the Dublin Chamber of Commerce.

Director of Public and International Affairs Aebhric McGibney said that other countries have proven how beneficial hosting World Cups can be, and that this would be a “huge economic boost” for Ireland.

“Dublin has considerable experience of hosting major international rugby matches. World-class facilities combined with a devoted rugby fan-base, mean that Ireland is perfectly positioned to deliver a first class Rugby World Cup,” he said.

The Chamber published the forecast following World Rugby’s visit to Dublin this morning. Ireland is competing for a chance to host the World Cup in 2023.

World Rugby officials arrived in Croke Park earlier today to hear the details of Ireland’s bid.

A Bid Oversight Board including Brian O’Driscoll and ex-Tánaiste Dick Spring met with the group to present Ireland’s pitch.

President Michael D. Higgins also addressed World Rugby officials today. He said that the death of former deputy First Minister Martin McGuinness reminded him that Irish rugby was always ahead of its time for being an all-island team.

Croke Park is just one of 12 venues around the country the IRFU have submitted as part of their pitch. Others include the Aviva in Dublin, Fitzgerald Stadium in Killarney, and Casement Park in Belfast.

The IRFU said that the short distance between venues would be “ideal” for fans travelling to multiple matches. Croke Park is also the third largest stadium in Europe.

According to World Rugby chairman Bill Beaumont, the World Cup has proven to be a low investment event with high returns.

“Plans to stage tournaments (…) will not only be great for rugby but great for their nation,” he said.

Ireland is competing against South Africa and France for the World Cup 2023 bid. Both countries also have the full support of their governments and sports representatives.

World Rugby are expected to announce the World Cup host on November 15.