PARIS (Reuters) – The 2024 edition of the Choose France summit will be an opportunity to announce a record amount of investments on French soil, the Elysée announced on Sunday, which notably cited Amazon among the groups concerned.
The seventh edition of the Choose France summit will bring together some 180 foreign business leaders on Monday at the Palace of Versailles, in the presence of President Emmanuel Macron.
The American giant Amazon will invest 1.2 billion euros and create 3,000 jobs on permanent contracts, welcomed the Presidency of the Republic, which also mentioned job creation at Accenture in the sector. artificial intelligence.
The record of 13 billion euros for the 2023 edition of Choose France should be beaten, according to the Elysée.
In the pharmaceutical industry, GlaxoSmithKline is expected to announce projects, which will add to those of several of its competitors.
The American group Pfizer announced in a press release an investment of 500 million euros over five years aimed at “strengthening the research and development (R&D) ecosystem in France (…) in areas such as oncology and hematology, as well as pharmaceutical production in France”.
The Swedish-British group AstraZeneca confirmed to Reuters information from Le Parisien on an investment of 365 million euros “to support growth and environmental transition” at its Dunkirk site.
FACTORY PROJECTS IN NEW AQUITAINE
Bruno Le Maire, for his part, announced a project by the KL1 group, based in Switzerland, consisting of building a nickel refining plant in the towns of Blanquefort and Parempuyre, in New Aquitaine.
Called “Electro mobility materials Europe”, the investment of 300 million euros should create 200 jobs with the start of activity planned for 2027.
The start-up Lilium, based in Germany, plans to set up in France an assembly plant for electric vertical take-off aircraft as well as a second structure specializing in battery reconditioning.
The total investment is estimated at 400 million euros with 850 jobs at stake according to Bercy, which mentions several identified sites, “particularly in New Aquitaine”. As part of Choose France, Bruno Le Maire will meet on Monday senior executives such as Jamie Dimon, CEO of JP Morgan, David Solomon, CEO of Goldman Sachs, Ted Pick, CEO of Morgan Stanley, and the boss of the Bank of America, Brian Moynihan. An interview is also planned with Christophe Fouquet, the French boss of the Dutch semiconductor manufacturer ASML.
FRANCE, THE MOST ATTRACTIVE COUNTRY IN EUROPE
The French Minister of Economy and Finance, Bruno Le Maire, announced that Morgan Stanley, First Abu Dhabi Bank and Zenith Bank of Nigeria would open new branches in Paris.
Announcements capable of helping the French capital establish its reputation as a leading financial center in the European Union.
“[C]”is an excellent sign of the financial attractiveness of Paris and our capacity to be the largest financial center in Europe,” Bruno Le Maire declared to the press.
The March Z/Yen survey of global financial centers names New York as the leading financial center on the planet, with London in second place. It puts the German city of Frankfurt ahead of Paris.
The inauguration on Monday of the Morgan Stanley European campus in the 8th arrondissement of the French capital should, according to Bercy, create around a hundred jobs.
Baptized in this Olympic year “France, land of champions”, the 2024 edition of Choose France will begin on Monday with a lunch in the presence of the Prime Minister, Gabriel Attal, and the European Commissioner for the Internal Market, Thierry Breton.
“France remains for the fifth consecutive year the most attractive country in Europe and welcomes extremely significant investments, including in a context of general macroeconomic slowdown,” welcomed the Presidency of the Republic.
(Reporting Sudip Kar-Gupta and Elizabeth Pineau, editing by Zhifan Liu)
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