Macron Secures Massive Investments at Choose France Summit
The pledges include €45 billion from SoftBank and more than 15,000 jobs, Macron said, as France targets artificial intelligence and data centres.
- On Monday, French President Emmanuel Macron announced a record €93 billion in foreign investment pledges at the annual 'Choose France' summit in Versailles, with 71 projects expected to create more than 15,600 jobs.
- Pledged capital for this year surpasses the combined €87 billion raised over the previous eight years, continuing momentum since 2018 when more than 230 projects were first announced.
- SoftBank CEO Masayoshi Son pledged €45 billion for data centers in the Hauts-de-France region by 2031, noting total infrastructure investment could eventually approach $750 billion while citing France's nuclear-powered electricity as a key factor.
- Other major commitments include investments from Amazon, Brookfield, Ardian, Verne, and Salesforce, as Macron stated these projects aim to make France a 'forward base' for AI robots and industrialization.
- Despite the record figures, economist Sylvain Bersinger warned that these announcements 'must not obscure' that overall corporate investment remains depressed and reindustrialization remains 'more of a pious wish than a reality.
43 Articles
43 Articles
President Emmanuel Macron announced on Monday, June 1, foreign investments “record” in France for 93 billion euros (about $108 billion), included in AI, in the framework of the annual forum with entrepreneurs where he bet his “credibility” for its implementation. Organised at the Palace of Versailles, on the outskirts of Paris, this ninth edition of “Choose France”, which the center-right Macron created after coming to power in 2017 to attract f…
France attracts $108b foreign investment
Companies have pledged to invest 93 billion ($108 billion) in France, with half destined for a SoftBank-backed data centre project, as President Emmanuel Macron seeks to leverage nuclear capacity to make the country a global AI leader. Macron said the 71 projects being unveiled at this year's Choose France summit marked a record year for foreign investment and were expected to create more than 15,600 jobs at a time when the unemployment level, …
The president celebrates the "Grande Nation" at the Choose France summit as a magnet for international capital. But his economic promise threatens to overturn. That's how the country really stands.
leprogres.fr
The ninth and perhaps last edition of the Choose France summit, Monday at Versailles Castle, kept its promises. Record of announcements of foreign investments and prestigious guests. The event launched by Emmanuel Macron in 2018 was able to create a link of trust with investors from all over the world.
Investments in artificial intelligence and data centers are expected to amount to 93 billion euros and generate more than 15,000 jobs.
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