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09-06-22
Qatar invests over USD26.7B in France in sports, real estate industry
(MENAFN) In line with study issued Wednesday France is the second-biggest European investment target for Qatar after the UK, with reserves of over 25 billion euros (USD26.7 billion).
The Gulf nation has 42 firms in France via direct holdings or firms mostly controlled by the sovereign fortune fund Qatar Investment Authority, a study organized by Qadran, the Franco-Qatari financial circle, composed with HEC Junior Conseil on the development of Qatari-French financial ties and expansion presented.
Moreover, the study mentioned that the purchase of the star-studded Paris-Saint-Germain football club, Qatar’s stamp is extent nearly equally across the French fiscal.
This comprises portfolio investments or shareholdings in firms like LVMH (Moet Hennessy Louis Vuitton), Balmain, Valentino, Le Printemps, TotalEnergies, Airbus, Accor as well as beIN Sports.
Besides firms, the non-hotel real estate and luxury hotel areas are valued investments for Qatari companies.
MENAFN09062022000045014228ID1104347701
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