France is the second-largest European investment destination for Qatar after the UK, with assets of more than 25 billion euros ($26.7 billion), according to a recent study.
According to the study conducted by Qadran, the Franco-Qatari economic circle, together with the HEC Junior Conseil on the evolution of Qatari-French economic relations and diversification revealed., Qatar’s stakes in real estate investments and financial activities represent 7.1 billion euros ($7.6 billion), 4.2 billion euros ($4.5 billion) in retail trade accounts, 3.4 billion euros ($3.6 billion) in transport and tourism, and 2.3 billion euros ($2.4 billion) in telecoms and media.
The Qatar-operated companies have raked in high profits in the last 14 years and their contribution to France’s gross domestic product (GDP) has increased from 2.13 billion euros in 2014 to 3.07 billion euros in 2019, an average annual growth rate of 7.5 percent, the study said.
