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Posted On: 28 February 2024 02:16 pm
Updated On: 28 February 2024 02:49 pm

Qatar to invest 10 billion euros in start-ups and investment funds in France

Vrinda Abilash
Vrinda Abilash
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Doha invest 10 billion euros start ups funds france

A report on Reuters on 28 February 2024, mentioned that the French presidency said in a statement released that 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 report also mentioned that the investments will mutually benefit both countries and will target key sectors ranging from energy transition, semiconductor, aerospace, artificial intelligence, digital, health, hospitality and culture.

This was announced during H.H. the Amir Sheikh Tamim's visit to France.

RELATED: Qatar & France launch joint humanitarian aid initiative for Gaza

Source and cover image credit: Reuters