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Qatar to invest 10 billion euros in key sectors of French economy -Elysee
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PARIS (Reuters) – France and Qatar have sealed a strategic partnership under which Qatar has agreed to channel 10 billion euros ($10.85 billion) into start-ups and
PARIS (Reuters) – France and Qatar have sealed a strategic partnership under which Qatar has agreed to channel 10 billion euros ($10.85 billion) into start-ups and investment funds in France between 2024 and 2030, the French presidency said in a statement.
The investments “to the mutual benefit of both countries” will target key sectors ranging from energy transition, semiconductor, aerospace, artificial intelligence, digital, health, hospitality and culture, it added.
The investment was announced as Sheikh Tamim bin Hamad Al-Thani, Qatar’s ruling emir, started a two-day visit to France on Tuesday, his first state visit to the country since his accession to the throne in 2013.
($1 = 0.9220 euros)
(Reporting by Elizabeth Pineau, Writing by Dominique Vidalon, Editing by Chris Reese)
Venture capital is a form of private equity financing provided by investors to startups and small businesses with long-term growth potential. It typically involves high risk but offers the potential for significant returns.
Economic growth refers to the increase in the production of goods and services in an economy over a period of time. It is often measured by the rise in Gross Domestic Product (GDP).
Investment in finance refers to the allocation of resources, usually money, in order to generate income or profit. This can include purchasing stocks, bonds, real estate, or starting a business.
The energy transition is the process of shifting from fossil fuel-based energy systems to renewable energy sources. This transition aims to reduce greenhouse gas emissions and combat climate change.
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