France is set to announce €37 billion (about $41.3 billion) in foreign investments during a major business summit held by President Emmanuel Macron at the Palace of Versailles. The event will gather over 200 top business leaders.
Of this total, €20 billion represents brand-new projects-a record amount for this annual summit, which secured €15 billion in commitments last year. The remaining €17 billion had been announced earlier in February and are now finalized with specific locations.
Key investments include:
- US logistics company Prologis investing €6.4 billion to build four data centers near Paris.
- Emirati investors committing €8 billion as part of a larger €50 billion data infrastructure plan.
- Amazon planning a €300 million development.
- German automaker Daimler investing €90 million to expand its electric bus factory.
- US recycling firm Circ investing €450 million to build a textile recycling plant in Moselle.
- The French government also plans to reform the textile recycling industry, calling the current system “exhausted.”
Netflix CEO Ted Sarandos emphasized France’s importance to the streaming platform, noting 25,000 French actors and technicians worked on popular shows like “Lupin” and “Sous la Seine” from 2021 to 2024.
President Macron will lead discussions on artificial intelligence and energy transition. Notable attendees include executives from South Korea, Mexican billionaire Carlos Slim, Stella Li of China’s BYD, and the CEO of Saudi entertainment company Qiddiya.
Several Gulf sovereign wealth funds, including Mubadala, PIF, and QIA, will participate. Macron is also scheduled to open the Paris office of the Saudi Public Investment Fund on Tuesday.
This summit highlights France’s efforts to attract global investment and strengthen its economy through innovation and sustainable development.
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