A study prepared by the Qatari-French “Cadran” Association in cooperation with the Higher Institute of Commercial Studies in Paris indicated that France is the second largest European country in which Qatar invests after Britain.
The study indicated that “the total amount is 25.3 billion euros in 2019, of which 7.1 billion are invested in real estate (excluding hotels and private investments)”.
The study estimated “Qatar’s upcoming assets at 5.3 billion euros in the industrial and construction sectors, with significant contributions in national leading companies such as Vinci, Total, Swiss and Airbus.”
She noted that Qatar’s shares in retail trade amount to 4.2 billion euros, in transport and tourism 3.4 billion euros and in communications and media 2.3 billion euros.
The study indicated that “the real estate investments amounting to 7.1 billion do not include real estate investments made by individuals, and that the evaluation of the securities of Qatari companies and holdings in France at the end of 2021 is equivalent to the year 2019”.
She stressed that “trade between the two countries has increased, driven by French exports, military equipment, and Qatari exports of gas and oil derivatives, at a rate of 16% annually since 2000.”
For his part, Omar Akar, head of the Qatari-French Economic Association “Kadran”, said that he “expects this activity to continue and strengthen in the coming years, especially thanks to the impetus given by the new partnerships that started between our companies within the framework of the World Cup.”
Source: AP