Qatar to inject 10 billion euros into critical sectors of the French economy, announces Elysee Palace
In an exciting development, France and Qatar have forged a strategic partnership! According to a statement from the French presidency, Qatar has committed to injecting a substantial 10 billion euros ($10.85 billion) into French start-ups and investment funds between 2024 and 2030. This collaboration is set to pave the way for exciting new opportunities and economic growth in both countries.
The investments are aimed at benefiting both countries and will focus on key sectors such as energy transition, semiconductors, aerospace, artificial intelligence, digital technology, healthcare, hospitality, and culture, according to the statement.
As Qatar Emir Sheikh Tamim bin Hamad Al-Thani began a two-day visit to France on Tuesday, his first state visit to the country since assuming the throne in 2013, an investment was also unveiled.
Attempts to organise an Israel-Hamas ceasefire to allow the release of hostages held in Gaza dominated the first day of Al-Thani’s meeting with French President Emmanuel Macron.
As a host to a Hamas political bureau while maintaining close ties to the United States, the emir and Qatar’s mediation experience have taken on a central role in efforts to defuse the Gaza war.
Prior to travelling to France, Al-Thani met with Hamas chief Ismail Haniyeh in Doha on Monday to discuss the war in Gaza and the occupied Palestinian territories and efforts to reach a ceasefire.
After the meeting, Qatar’s head of state renewed his country’s support for the Palestinian cause and the right to an independent Palestinian state “based on the 1967 borders, with East Jerusalem as its capital”, the state news agency Qatar News Agency (QNA) reported.
In turn, the Hamas political leader said its movement had shown “great flexibility” in the negotiations so far and accused Israel of “stalling” them.
Qatar has played a key mediation role since the Gaza war erupted in October and international diplomatic efforts have intensified in recent days to halt hostilities before the start of Ramadan.
