On a state visit to Paris, Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani pledged to invest 10 billion euros ($10.9 billion) in French startups and tech funds between now and 2030.

Feted by French President Emmanuel Macron with a dinner on Tuesday night at the Élysée Palace, the Emir hailed the longstanding relationship between the two countries and said his visit would deepen their strategic partnership.

The Qatari investments will cover a range of industries, including energy, semiconductors, aerospace, artificial intelligence, health, hospitality and culture, Macron’s office said.