France and Qatar have agreed a partnership whereby the government in Doha will invest €10bn in France’s key economic sectors, the French Presidency said in a statement on Thursday.

The €10bn investment will go into young companies and investment funds closely linked to key economic sectors in France.

According to the Élysée, these sectors include aerospace, artificial intelligence (AI), the cultural and creative industries, digital, the energy transition, health, hospitality and semiconductors.

Last year in October, TotalEnergies and QatarEnergy concluded two long-term liquefied natural gas (LNG) sales and purchase agreements in a move that provides France with up to 3.5 million tonnes of LNG annually for a period of 27 years.

The latest announcement came as Qatar’s ruling Emir Sheikh Tamim bin Hamad Al-Thani embarked on a two-day visit to France on Tuesday, his first to the country since he acceded to the throne in 2013.

Separately, the two countries discussed their ongoing cooperation in fighting terrorism and violent extremism. As part of the deal, France is set to improve Qatar’s military capabilities, particularly in the field of infantry combat and interoperability of the two armies.

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Finally, both Paris and Doha agreed to work together on the next summit on AI, which will take place in France and is set to agree on a new mode of international governance of AI.

“Regarding new technologies, France and Qatar expressed their willingness to support access to safe artificial intelligence systems so that the economies and populations of their countries and partners around the world can benefit from innovations while protecting their rights,” the official statement read.