Qatar commits to investing 10 billion euros in the French economy by 2030

A series of investments between now and 2030. President Emmanuel Macron announced that he had signed, on Tuesday February 27, with the Emir of Qatar, Tamim Ben Hamad Al Thani, an agreement relating to Qatari investment commitments amounting to 10 billion euros in the French economy by 2030.

“We have signed an ambitious investment plan of 10 billion euros”, he declared during the exchange of toasts at the opening of the dinner given in honor of the Emir, on an official visit to France. These investments will take place in sectors such as energy transition, semiconductors, aerospace, artificial intelligence, digital, health and cultural industries.

The Emir of Qatar began a two-day state visit to France on Tuesday, focused on the release of hostages in Gaza and the relaunch of the process for the creation of a Palestinian state, as well as on strengthening the bilateral relationship . This first state visit by an Emir of Qatar in fifteen years, and the first for Tamim Ben Hamad Al Thani since his accession to the throne in 2013, “constitutes an honor done to France and illustrates the depth of the ties which unite [le]s two countries »underlined the Elysée.

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Humanitarian cooperation

The two countries signed, during this visit, a declaration of intent in terms of humanitarian cooperation, particularly in Gaza, including a joint commitment of 200 million euros in favor of the Palestinians. Three Franco-Qatari cargo planes also transported humanitarian and medical aid to El-Arich, an Egyptian town near Rafah, including 75 tons of freight, ten ambulances, food rations, as well as nearly 300 family tents, announced the ‘Elysium.

For the state dinner, guests, personalities from the world of sport, economics and culture were invited. Among them, the captain of the French football team and star striker of PSG Kylian Mbappé and the president of the Parisian club, the businessman Nasser Al-Khelaïfi, member of the emir’s inner circle, as well as the chef Alain Ducasse and the CEOs of LVMH, Qatar Airways and Airbus.

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The World with AFP

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