France Attracts Billion-Dollar Investments Ahead of ‘Choose France’ Summit

On Sunday, healthcare companies Pfizer and AstraZeneca announced new investments in… France With a value of almost a billion euros, before the start of this year’s “Choose France” annual business summit.

Reuters said that the company Pfizer It plans to pump investments worth 500 million euros ($464 million) as it announced AstraZeneca It then pumps investments worth 360 million euros ($388 million) into its location in the city of Dunkirk.

The two companies’ investment commitments coincide with French President Emmanuel Macron preparing to start the annual “Choose France” event, which aims to attract large foreign companies and investors, and on Sunday, the country announced 100 new jobs in Paris at Morgan Stanley and investments from other companies such as… German aircraft Lilium.

Macron wants to make the French capital, Paris, a major commercial center in Europe, even though it has traditionally lagged behind major commercial centers such as New York and London on a global scale.

Amazon and Morgan Stanley investments

The French president announced on Sunday that Amazon will announce an additional investment worth 1.2 billion euros in France, which could create 3,000 new jobs, Bruno Le Maire The French Minister of Finance, Bruno Le Maire, also explained that Morgan Stanley , which plans to increase the total number of employees in Paris to 500 employees by… In 2025, it will add 100 new employees at its headquarters in the French capital.

Le Maire pointed out that France and the European Union still need to make more efforts to compete with China and America, and several French companies, led by Total Energies, are planning to break into the American market with to list their shares on the stock market. in New York State (Wall Street).

At the EU meeting in Brussels this week, Le Maire said he would reaffirm the need for capital markets union to facilitate investments in new areas of the economy such as renewable energy and artificial intelligence.

Le Maire said that as part of the “Choose France” event, he would be holding meetings on Monday with the CEOs of JP Morgan, Goldman Sachs, Morgan Stanley and Bank of America, among others, indicating that the roundtable discussions ‘ take place between all. parties give the opportunity to communicate again with… Major financial investors so that they can continue to establish sites in Paris and finance major business and economic projects.

Launch of the “Choose France” summit.

The “Choose France” economic conference dedicated to the international business community will be launched in the capital, Paris, on Monday, amid efforts to attract billions of investments, with the participation of around 180 people , including heads of state, international companies, and investment groups, in an annual meeting that provides scope for direct exchange between economic and political decision-makers.

Through the summit, whose seventh edition begins at the former Palace of Versailles under the slogan “France… Land of Heroes,” France seeks to promote its economic policies and its ability to carry out large-scale projects and investments. attraction, as expected of major international companies. to announce projects and investments worth billions of dollars.

These expectations are fueled by what French Prime Minister Gabriel Attal revealed to Parliament last week that “very large projects” will be announced at the summit, parallel to what was achieved in this year’s edition -last year when 28 projects were announced with a total value equal to. 13 billion euros (14 billion US dollars).

At this time, the French presidency, in a statement, said that the summit will come at a time when France has maintained its investment position as “the most attractive country for foreign investment in Europe for the fifth year in the series because of” economic policy led by French President Emmanuel Macron.

The statement explained that this is mainly included in the “successful tax policy” and the implementation of the 2030 plan of France, which aims to improve the competitiveness of the industrial sector and develop the technology of the future, as well has simplified legislation and implemented a clear carbon strategy. – free energy production and environmental transformation.

He pointed out that the summit, since its launch by Macron in 2018, has established its position as an essential annual economic meeting on the agenda of international manufacturers and investors, and this year it comes under the slogan “France… Champions” to show major events directly, especially the Olympic and Paralympic Games (Paris 2024).

According to the French economic press, economic heavyweights, such as Amazon, IBM of the Americas, and Hager of Germany, are expected to announce major investments at the summit, which will combine to create thousands of jobs and business opportunities.

Newspapers said that Amazon wants to spend about 1.3 billion euros ($1.4 billion) on a data center for its cloud branch, as well as a warehouse for e-commerce operations. This will provide approximately three thousand job opportunities in the market.

It is also expected that the IBM Group will announce investments worth 45 million euros ($48.4 million) in what is called quantum computing or quantum computing and will provide around 50 job opportunities by 2025, which is a multidisciplinary field that includes aspects of computing, physics and mathematics that… Quantum mechanics is used to solve complex problems faster than classical computers.

At the summit, French President Emmanuel Macron will chair a round table on decarbonisation, and another on artificial intelligence and quantum intelligence, two subjects in which France is prominent in Europe and on which she pays a lot of attention.

The conference aims to bring together leaders from investment groups and major international companies with the aim of increasing France’s economic attractiveness on an international level.