Wednesday 31 October 2012

Qatar’s flowering relationship with Paris - FT.com

When plans for Qatar to create a €50m euro fund to invest in some of Paris’s poorest suburbs emerged last month, the French political right and left united in disapproval. Marine Le Pen, leader of the far-right National Front, denounced the move as a plot to stoke Islamism in Paris’s Muslim-dominated districts, while the left-leaning Libération railed against the French government allegedly subcontracting its sovereign duties to a Middle Eastern state whose motives were suspect.
Yet the reaction shows a fundamental misunderstanding of the way Qatar operates globally and what it is trying to achieve. The pattern of its international relations shows its investments are geared primarily to three things: profit, security and building a brand that appeals to its western allies despite not being a democracy. The investment in the banlieue – long a scar on France’s social conscience – looks no different.

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