Qatar will channel EUR bns into France: Qatar has pledged to invest EUR 10 bn in French start-ups and investment funds targeting key sectors including the energy transition and semiconductors, according to a statement. The investment agreement will take place between 2024 to 2030 and other areas of interest include AI, digital, and health.

Not the first time: The energy transition has recently become a main area of interest between the two countries specifically in the subsectors of EVs, green hydrogen and sustainable aviation fuel, France’s trade minister Olivier Becht told AFP last year. While most of Qatari-French energy cooperation have so far focused on gas deals, the Qatar Investment Authority led a EUR 250 mn series D investment round for Paris-based biotech company Innovafeed in September 2022. Innovafeed houses the world’s largest vertical insect farm in France to produce insect-based protein.

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