"This MoU is the culmination of several small agreements between Qatari sports federations, including the handball and volleyball federations, and their French counterparts," said Sheikh Saoud.
"French sport is developed in many areas and we look forward to the great benefit we can draw from them and also to transferring some of our own knowledge from the Qatari sports sector."
Mougin was equally positive about the agreement with the QOC.
"This agreement will be of mutual benefit and will also allow us to work together to fight corruption in sports and to champion Olympic values," he said.
The signing here comes with 15 French companies exhibiting at the Aspire4Sport Conference in Doha.
French participation the conference extended out onto the field where Paris-Saint Germain - who are owned by Qatar Investment Authority - is hosting a coaching clinic alongside Liverpool FC for approximately 600 children.
The clinics were facilitated by Qatar Shell and the Qatar Football Association.
"We are very proud to be at Aspire4Sport for the second year running," said Academy director Bertrand Revzeau.
"PSG is one of the most well-known football clubs and it is important for us to help young footballers develop their talent through our coaching clinics.
"We are teaching the kids how to handle the ball and trying to develop their football techniques in a fun and energetic environment.
"We hope that all our students will love the sport as much as we do and continue to develop as athletes."
Contact the writer of this story at [email protected]