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Qatar pledges 10 billion euros for key sectors of French economy
France and Qatar have sealed a strategic partnership under which Qatar has agreed to invest into start-ups and investment funds.
Qatar's Emir Sheikh Tamim bin Hamad Al Thani poses alongside French President Emmanuel Macron and his wife Brigitte Macron before a state dinner at the Elysee Palace as part of a two day state visit in Paris, France, February 27, 2024. REUTERS/Sarah Meyssonnier
France and Qatar have established a strategic partnership wherein Qatar has committed to invest 10 billion euros into French start-ups and investment funds from 2024 to 2030, according to a statement from the French presidency.
The investments will focus on vital economy sectors
The investments, aimed at benefiting both nations, will focus on vital sectors including energy transition, semiconductors, aerospace, artificial intelligence, digital technology, health, hospitality, and culture.
This investment initiative coincided with the start of Sheikh Tamim bin Hamad Al-Thani’s two-day state visit to France on Tuesday, marking his first official visit to the country since ascending to the throne in 2013.
Sheikh al Thani will address regional issues during his visit
The Emir of Qatar’s visit aims to enhance bilateral relations in defence, security, investment, and the economy, while also focusing on strengthening cultural ties and collaboration in development. Talks are expected to address regional issues, with a focus on developments in Gaza and the political deadlock in Lebanon.
France acknowledges Qatar’s role in humanitarian aid, hostage releases, and ceasefire efforts in the region, and seeks to strengthen ties with Qatar. The crisis in Lebanon, particularly resolving the deadlock over the election of a new president, is also expected to be discussed. France is likely to urge Qatar to continue providing financial support to the Lebanese army to de-escalate tensions and prevent a full-scale conflict between Hezbollah and Israel.
