Emir of Qatar Sheikh Tamim bin Hamad Al Thani (left) began a two-day state visit to France on Tuesday (French)

The Elysee Palace said, in a statement, that Qatar and France have concluded a strategic partnership under which Qatar agreed to allocate 10 billion euros ($10.85 billion) to finance emerging companies and investment funds in France between 2024 and 2030.

He added that investments "that are mutually beneficial to both countries" will target key sectors ranging from energy transformation, semiconductors, space, artificial intelligence, digitalization, health, hospitality and culture, Reuters reported.

This investment was announced as the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, began a two-day state visit to France on Tuesday.

Today, Wednesday, an economic forum will be held on investment opportunities between the two countries in the fields of artificial intelligence, decarbonization, semiconductors, biotechnology, and health, according to what Agence France-Presse reported.

France is the first European investor in Qatar, having invested $9 billion in the fields of energy, aviation, infrastructure and tourism, and it is also one of the five main countries receiving investments from Qatar.

Source: Agencies