- Qatar and France strengthening their cooperation in security, defence, trade, investment, education and other fields.
- Bilateral trade exceeded QAR 5.3 billion in 2024, supporting jobs, innovation and economic development.
- Over 665 French companies operate in Qatar and French investment has generated over 7,400 jobs.
Meetings Explored Ways Of Strengthening Economic Ties
Qatar and France met recently in a move that reflects historical ties and a growing strategic partnership. The high level diplomatic meetings focused on ways to strengthen relations across various fields and explored ways to advance them.
Recent ongoing dialogue between both country`s has resulted in new cooperation initiatives in security, defence, economy, trade, investment and education. Both countries emphasised their growing economic partnership, noting trade volume exchange exceeding QAR 5.3 billion (EUR 1.3 billion) in 2024. Accordingly joint bilateral trade has contributed significantly to supporting jobs, innovation and economic development in both nations.
Discussions Reviewed Qatar`s Previous QAR 40.78B Investment
Discussions also reviewed the progress of Qatar’s QAR 40.78 billion (EUR 10 billion) investment in the French economy in 2024. At that time, investments were made in areas of mutual benefit including food security, the digital economy, artificial intelligence and information technology. Further investments included semiconductors, the energy transition, aerospace, intellectual property, healthcare, tourism, hospitality and culture. The nations also discussed ways to strengthen their investment partnership and affirmed their readiness to facilitate cooperation between private sectors. As a result, France is keen to enhance prospects for commercial, economic, and industrial cooperation with Qatar.
Data Indicates France Ranked In Top Five FDI Investors In Qatar
Investment Promotion Agency data indicates that over the past decade France has ranked among the top five countries in terms of FDI projects in Qatar. This includes 90 investment projects with a total capital value exceeding QAR 27.28 billion (EUR 6.69 billion). Currently, 665 French companies operate in the Qatar market.As a result, this has created over 7,400 jobs across sectors including consumer goods, textiles, IT services/software and business services.
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