France bags record $16 billion in foreign investment pledges at annual 'Choose France' summit

France won a record 15 billion euros ($16.17 billion) in foreign investment pledges on Monday, allowing President Emmanuel Macron to bask in the limelight with global CEOs and forget about strained public finances and weak polls for a while.

The bumper crop of pledges, in sectors ranging from artificial intelligence to pharmaceuticals and energy, stood Macron in good stead as he hosted business leaders for the annual “Choose France” summit at Versailles Palace.

This year’s figure is up from 13 billion euros announced in 2023.

The French presidency said the investments included 56 different business projects and could lead to the creation of 10,000 jobs.

Microsoft said it would invest 4 billion euros in France in its cloud and AI infrastructure, expanding its centres in Paris and Marseilles and adding a new data centre in the eastern city of Mulhouse.

Read more'Choose France' business summit looks to seduce foreign investors

(Reuters)


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