Bowing to the pressure to create jobs in deprived areas, French President Francois Hollande has agreed to Qatar investing millions of euros into development in France’s troubled suburbs.
The idea was so controversial, it was shelved until after the presidential election by former president Nicolas Sarkozy.
Nevertheless, Hollande met with Qatar’s Emir Sheikh Hamad bin Khalifa Al-Thani in August, and now the French government will match or exceed the amount invested by Qatar.
French entrepeneur Mohame Kemliche is thankful for the plan: “Today, there is a person who will provide finance. This money is a godsend. If you have the money and can recover and create jobs, it is a boost to the suburbs and people will be able to work.”
This money for the suburbs differs to Qatar’s interests in high-profile French companies, including Paris St Germain football club.
However, some are questioning the investment motives.
“They are putting money into these areas only because these populations are predominantly Muslim. It is therefore a religious investment,” said far-right Front National President Marine Le Pen.
“The money shouldn’t be refused on principle. Especially not, as Marine Le Pen says, because Qatar is a Muslim country. This isn’t a problem,” argued Socialist party deputy François Pupponi.
It is believed Qatar will commit around 50 million euros to the suburbs plan and could help rejuvenate areas where unemployment is sometimes over 40 percent.
Copyright © 2014 euronewsMore about:
- 1Spain: Constitutional court votes to suspend Catalonia independence referendum
- 2Denmark bridge collapse blocks motorway
- 3Heavy fighting in Donetsk; possible mass grave discovered
- 4Catalan independence put on hold: Constitutional court suspends vote
- 5Photos show abuse of asylum seekers by security guards in Germany
- 1Algeria: ISIL offshoot releases video threatening French hostage Hervé Gourdel
- 2Update: Emma Watson nude photos threat may be elaborate PR stunt
- 3Iceland volcano ‘pollutes Paris’
- 4Teenage ‘terror suspect’ shot dead by police in Australia after attacking officers
- 5Watch: Leonardo DiCaprio speech among five must-see clips on UN climate summit
- 1Podemos: Spanish indignation in Brussels’ corridors of power | euronews, reporter
- 2Israel announces it will seize 400 acres in West Bank | euronews, world news
- 3Watch: Angry mob throw Ukraine MP into rubbish bin | euronews, world news
- 4Japan sounds bluefin warning, calls for 50% catch cut | euronews, world news
- 5Iraq: Baghdad rally held against US ‘occupiers’ | euronews, world news
- 6Now is ‘right time’ for Catalonia independence vote, says Mas | euronews, world news
- 7New car offers freedom for disabled drivers | euronews, hi-tech
- 83D printing: a driving force in design and engineering | euronews, hi-tech
- 9Rise of the machines | euronews, futuris
- 10Young Yazidi girl escapes Islamic State kidnappers | euronews, world news
- 11Ukraine: Donetsk rebel weapons factory blows up | euronews, world news
- 12Algeria: ISIL offshoot releases video threatening French hostage Hervé Gourdel | euronews, world news
- 13Official ‘executed by flame-thrower’ over links to Kim Jong-un’s purged uncle | euronews, world news
- 14Vatican rocked by another paedophilia scandal | euronews, world news
- 15EU leaders name Donald Tusk European Council president | euronews, world news
- 16British Muslims’ message to ISIL: Not in my name! | euronews, world news
- 17Iceland puts on a show as two of its volcanoes spew out lava | euronews, world news
- 18The business benefits of EU chemical regulation | euronews, business planet
- 19Iceland volcano ‘pollutes Paris’ | euronews, world news
- 20#Indyref Live: Scotland votes on independence from UK | euronews, world news
Wires > News
- 07:35 CET Obama, Modi vow to boost strategic ties, create model for world
- 07:14 CET U.S.-led air strikes pose problem for Assad’s moderate foes
- 06:22 CET South Korea sightseeing ship runs aground, 110 rescued
- 05:06 CET Seven Ukrainian soldiers killed in rebel attack, straining…
- 04:38 CET Australian police charge man over funding ‘terrorist organisation‘…
- 03:37 CET Israel PM tries to shift focus from Islamic State to Iran at U.N.
- 01:35 CET Brazil’s Rousseff extends lead over Silva in election poll
- 00:36 CET U.S. military to quickly ramp up Ebola mission in Liberia