Qatar, an investor with a strong presence in France
Qatar is an investor with a strong presence in France, particularly in the fields of sport
Qatar, with whom several Arab countries broke their relations on Monday accusing him of supporting “terrorism”, is an investor very present in France in particular in the fields of sports, real estate and industry.
The rich emirate of gas has invested heavily in the Sarkozy or Holland five-year plan, despite repeated criticism, particularly through its sovereign wealth fund Qatar Investment Authority (QIA).
– Sport and Media –
In 2011, Qatar bought the Paris Saint-Germain football club in France, which it has propelled to the top of the bill – four times French champion since – thanks to colossal means.
In addition to endowing it with a sports “locomotive”, the Gulf country had given a breath of fresh air to the French football championship by buying in 2012 some of its television rights via its channel BeIn Sports.
BeIn Sports suffered a stroke in May when SFR bought the rights to broadcast the prestigious football championship for the period 2018-2021.
Qatar also owns PSG Handball, several renowned horse races such as the Prix de l ‘Arc de triomphe, and majority shareholder of the Lagardère media group (13.03%).
– Real Estate and Hotels –
Specializing in luxury, nationals of the Gulf state own the Parisian hotels Raffles (formerly Royal Monceau), Concorde Lafayette, Peninsula and the Hotel du Louvre, as well as the Martinez and Carlton in Cannes and the Palais de la Mediterranean in Nice.
Qatar is the majority shareholder of the AccorHotels group, holds several thousand square meters of space on the Champs-Elysees Avenue and nearly a quarter of the Cannes Municipal Casino Farmers’ Corporation (SFCMC), operator of the Majestic Barrière and the Gray Albion.
The Emir of Qatar owns the Hotel d’Evreux, nestled in the prestigious Place Vendome in Paris, and his brother the Hotel Lambert, at the tip of Ile Saint Louis.
– Industry –
The State of the Gulf is very present in large French companies with minority interests in Total, Vinci, Veolia Environnement, LVMH, and Vivendi, in addition to holding the Printemps stores.
Military is an excellent “customer”, which has ordered 24 Rafale combat aircraft in 2015 for 6.3 billion euros.
The Emirate is also a partner of the Caisse des Dépôts in an investment fund of 300 million euros for innovative French SMEs. Originally, Qatar had evoked a fund for the suburbs which had sparked a strong polemic in the middle of the election campaign for the 2012 presidential election.