France attracts record-breaking €15B in foreign investments as Macron convenes business summit – POLITICO

French President Emmanuel Macron has announced that France is set to break a new record with significant investments expected to create 10,000 new jobs for its citizens. Among these investments, Microsoft plans to invest €4 billion in the country to open a new data center in eastern France and expand existing ones, with a focus on artificial intelligence.

Meanwhile, Amazon has also committed to investing €1.2 billion in a data center for its AWS cloud unit and a warehouse for its retail operations. In addition, fertilizer producer FertigHy, Pfizer, AstraZeneca, GSK, Switzerland’s KL1, and Germany’s Lilium have also made significant investments in the country.

Despite a decline in overall investment in the EU, France has emerged as a rare European winner for foreign direct investment in 2023. However, a recent E&Y survey highlighted challenges such as the enduring competitiveness gap and the energy crisis that could threaten France’s leadership in the long term.

Top business leaders from companies such as ArcelorMittal, Goldman Sachs, Coca-Cola, AstraZeneca, Envision, and China’s Fosun are expected to attend a summit in Versailles. Macron will hold bilateral meetings with several CEOs before giving a speech at a dinner in the Hall of Mirrors of the palace.

By Riley Johnson

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