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Qatar, land of opportunities for French companies – Economy


What are the growth sectors for French companies in Qatar?

It is essentially that of energy and petrochemicals, where visibility on large-scale projects exceeds ten years. Thanks to strategic investments in its liquefied natural gas production capacities, Qatar is the second largest exporter in the world. We must also consider the military, security and cybersecurity industries, which participate in the defense of national sovereignty, as well as agriculture and agrifood, which ensure autonomy in essential products. The development of a knowledge-based economy and the protection of the environment are also pillars of Qatar’s vision 2030. Financial services (Qatar Fintech Hub), digitization, education and health are participating in this development. Green Techs are also in great demand, and the need for water and waste management is evident. The recent free zones of the port and the airport, whose legislation is favorable to foreign investment, will host logistics, maritime, aviation, light industry and oil services services. Finally, as Qatar’s current global promotional campaign shows, the tourism sector, which we know well, is growing rapidly.

French excellence, our technical know-how, our reliability and our responsiveness are recognized and appreciated.

What is France’s place in Qatar?

France is certainly not the country’s first partner, but we are very active in consumer goods and luxury goods, for example. For services not appearing in the trade balance, the hydrocarbons sector but also infrastructure, sanitation, defense, education and hospitality involve major French players present in the long term in Qatar. French excellence, our technical know-how, our reliability and our responsiveness are recognized and appreciated.

Has the prospect of the 2022 World Cup created any opportunities?

Yes, from the construction of the stadiums to their operation, including the infrastructure necessary for the reception, entertainment and movement of fans and speakers, French companies are very involved, and this is probably more than for other World Cups outside French territory.

Carbon footprint reduction issues are an integral part of oil and gas projects

Qatar is often singled out for its reluctance to reduce its carbon footprint. Do you feel an awareness thanks to the Mondial?

It even predates the World Cup, because the issue of sustainable development was already a major focus of the country’s 2030 vision, drawn up in 2008. In the region, Qatar has the highest number of buildings certified by the “Global Sustainability Assessment” System ”, that is to say of innovative design, reducing the consumption of electricity, water and waste. Carbon footprint reduction issues are an integral part of oil and gas projects. Thus, the future LNG trains chosen by QatarEnergy will reduce greenhouse gas emissions by more than 25% compared to similar infrastructures. We can also note the construction of a very large solar power plant, or partnerships concerning hydrogen.




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