Qatar’s Strategic Development Investing in France
The government of France is attempting to attract Gulf foreign investment, especially in its poor suburbs (les banlieues). Officials from France and Qatar met to discuss economic opportunities. In August 2012, the government of Qatar inked the idea of a fund between the size of €200 to 300 million to invest in small and medium size companies in France. The fund’s investors would include the government of Qatar, France, and possibly private investors. Part of the plan includes French companies to relocate or open up a presence in Qatar.
Part of Qatar’s economic and social strategy is to develop partnerships with French companies to open up locations in the Gulf region. Funding from Qatar to the French suburbs was a concept proposed in 2011, but dissipated by the government of French President Nicolas Sarkozy during the French presidential election period.