Qatar has announced a substantial investment of $10.8 billion (EUR 10 billion) in various sectors of the French economy by 2030, signifying a deepening of bilateral ties between the two nations. The investment aims to foster mutual benefits and bolster strategic cooperation between Qatar and France, spanning industries such as energy transition, semiconductor, artificial intelligence, health, and hospitality.
The announcement was made as Sheikh Tamim bin Hamad Al-Thani, Qatar’s ruling emir, embarked on a two-day visit to Paris, underscoring the significance of the economic and diplomatic relationship between the two countries.
According to a statement from the French presidency, the investments are strategically targeted to contribute to the growth and development of key sectors in the French economy. This move reflects Qatar’s commitment to expanding its global investment portfolio while deepening its partnership with France.
During his visit, Sheikh Tamim bin Hamad Al-Thani is set to engage in discussions aimed at enhancing cooperation between Qatar and France, as well as addressing pertinent regional and global issues, including the ongoing situation in Gaza.
The economic ties between Qatar and France have been described as “rock-solid,” with robust trade and financial interactions between the two nations. French trade and economic delegations frequently visit Doha to explore avenues for industrial cooperation and investment opportunities, highlighting the dynamic nature of the bilateral relationship.
In 2023, the volume of trade between Qatar and France reached $2.3 billion, with Qatar exporting a range of products including oil gases, hydrogen, and non-metals to France. In return, Qatar imported items such as aircraft, helicopters, drones, and gold jewelry from France, showcasing the diversity of trade between the two countries.
Additionally, Qatar and France have joined forces to launch a humanitarian initiative aimed at providing aid to alleviate the suffering of Palestinian civilians in the Gaza Strip. This initiative underscores the shared commitment of both nations to addressing humanitarian crises and supporting vulnerable communities in times of need.
As Qatar continues to solidify its position as a key player in the global economy, its investments in France represent a significant step towards enhancing bilateral cooperation and fostering economic growth. The collaboration between Qatar and France extends beyond economic interests to encompass humanitarian efforts, further strengthening the bond between the two nations on multiple fronts.
