Saudi Arabia is set to host the men's 2034 World Cup after Australia decided against bidding to stage the tournament only hours before Fifa's deadline for declarations of interest on Tuesday.

"We have reached the conclusion not to do so for the 2034 competition," read a statement from Football Australia.

Fifa had said the 2034 World Cup would be held in Asia or Oceania, and an Australian bid was regarded as the only potential challenger to Saudi Arabia, which announced its intention to bid shortly after Fifa's decision.