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France lands record 15 billion euros in foreign investment as Macron holds business summit – POLITICO

“Today we are breaking a new record”, Macron written theadding that the investments should generate 10,000 new jobs for the French.

Technology and software giant Microsoft will invest 4 billion euros in France with the aim of opening a new data center in eastern France and expanding several others, with a focus on ‘artificial intelligence. “This is the most important investment we have ever made (in France),” said Brad Smith, vice-president and president of Microsoft, according to AFP.

Amazon announced a €1.2 billion investment in a data center for its AWS cloud unit and a warehouse for its retail operations. Finance Minister Bruno Le Maire said on Sunday that Wall Street bank Morgan Stanley’s new Paris office, dubbed its new European campus, would create 100 additional jobs.

Fertilizer producer FertigHy is expected to announce a €1.3 billion plant, while Pfizer will invest €500 million on top of the previous €1 billion investment promised, AstraZeneca will spend €388 million euros and GSK should invest 140 euros. million. The Swiss KL1 has committed 300 million euros for a nickel refinery and the German Lilium 400 million euros for an electric plane.

France is one of the few European winners in foreign direct investment in 2023, winning the most projects even as overall investment in the EU declined last year for the first time since 2020, according to a recent E&Y survey. The survey warns, however, that “the persistent competitiveness gap, combined with the repercussions of the current social climate and the recent energy crisis”, could call into question France’s leadership in the long term.

Executives from ArcelorMittal, Goldman Sachs, Coca-Cola, AstraZeneca, Envision, as well as officials from China’s largest investment company Fosun and sovereign wealth funds are among the business leaders who will attend the Versailles summit. Macron is expected to hold bilateral meetings with several CEOs, before delivering a speech before a dinner in the palace’s Hall of Mirrors.

Politico

Sara Adm

Aimant les mots, Sara Smith a commencé à écrire dès son plus jeune âge. En tant qu'éditeur en chef de son journal scolaire, il met en valeur ses compétences en racontant des récits impactants. Smith a ensuite étudié le journalisme à l'université Columbia, où il est diplômé en tête de sa classe. Après avoir étudié au New York Times, Sara décroche un poste de journaliste de nouvelles. Depuis dix ans, il a couvert des événements majeurs tels que les élections présidentielles et les catastrophes naturelles. Il a été acclamé pour sa capacité à créer des récits captivants qui capturent l'expérience humaine.
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