Last updated: Tuesday Mar 22, 2016
Qatar’s purchase of Dassault Rafale fighters has been financed with the help of Japanese banks . The Gulf state recently paid a 15% down payment on its order, which in total amounts to $6.8 billion. The loan highlights a growing relationship with Japan through Japanese business interests in areas of construction and finance. Investments and projects involving Japanese companies include construction for the 2022 World Cup, and the building of a subway system in Doha, while Qatar supplies liquefied gas to Japan. The participation of Japanese money in the deal comes as tighter EU financial regulations to European banks bring lending under greater scrutiny, while a US loan to buy French technology may have upset Boeing, a competitor to Dassault in the fighter market.
Defense Industry Daily
See details of Dassault Rafale: HERE