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Major Investment Pledges at Choose France Summit

PARIS, June 1 (Reuters) - France announced 71 foreign investment projects worth a combined €93 billion ($108.3 billion) at its annual Choose France business summit on Monday, adding they would create more than 15,600 jobs.

The largest announcements centered on artificial intelligence and data centres, as President Emmanuel ​Macron seeks to position France as a European hub for AI infrastructure, helped by its low-carbon electricity ‌supply.

Following are some of the main investment pledges:

AI AND DATA CENTRES

SoftBank plans to develop and operate 5 GW of AI-dedicated data centre capacity in France, including an initial €45 billion investment for 3.1 gigawatts in Hauts-de-France by 2031. The projects are expected to create about 8,600 construction jobs and 900 direct ​operating jobs.

Canadian asset manager Brookfield plans to raise AI infrastructure investments in France to €30 billion, from €20 billion announced in ​February 2025. The investment covers an AI facility at E-Valley near Cambrai and a new AI ⁠site at Escaudain.

Netherlands-based AI cloud company Nebius plans to convert a former Bridgestone site into a major European computing site, investing ​more than €8 billion for targeted capacity of 240 megawatts.

Abu Dhabi investment company MGX and French public investment bank Bpifrance said a ​second AI site is due to be selected soon, representing about €7.5 billion of investment and 700 permanent jobs once operational.

Low-carbon data centre specialist Verne and French investment firm Ardian plan to develop a digital infrastructure campus in the Paris region, with investment of up to €5 billion and target capacity ​of 500 MW.

UAE digital infrastructure group Phoenix Group, with DC Max, plans a first 18 MW data centre campus in the ​Lyon region and a broader plan including about 500 MW in France, representing up to €4 billion of potential investment.

U.S. business software group Salesforce announced ‌an additional €2 ⁠billion investment in France, including its first EU AI Innovation Hub in Paris.

INDUSTRY, ENERGY AND DECARBONISATION

Portuguese utility company EDP announced €1.3 billion of new investments in France by 2030, covering onshore and offshore wind, solar, battery storage and grid infrastructure.

German renewable energy company Enertrag [RIC:RIC:ENRWHA.UL] announced a €1.1 billion investment programme by 2030 for renewable energy and battery storage infrastructure in France.

Italian steel group Marcegaglia announced an ​additional €600 million for its Mistral project ​at Fos-sur-Mer, taking total ⁠planned investment at the site to about €1.2 billion.

Ireland-based paper packaging group Smurfit Westrock announced nearly €600 million of investment in its French sites over the next three to five years to modernise and decarbonise ​operations.

HEALTH AND PHARMA

German pharmaceutical company Boehringer Ingelheim announced a €500 million investment programme by 2030 in ​animal health

LOGISTICS, RETAIL ⁠AND FINANCE

Belgian real estate group VGP will invest more than €1.5 billion in business parks and logistics facilities.

U.S. e-commerce and cloud group Amazon announced three new logistics sites and a new distribution centre, investing €400 million and creating more than 3,000 permanent jobs.

Polish parcel locker and delivery ⁠group InPost, ​owner of Mondial Relay, plans to invest at least €500 million more in France ​by 2030, and plans to create a least 750 jobs.

ENTERTAINMENT

Saudi organisation E-Sport Foundation will invest around €250 million in organising the Esports World Cup in Paris this ​summer, which the government said should generate around €600 million in indirect economic impact.

($1 = 0.8587 euros)

Reporting by Hugo Lhomedet. Editing by Dominique Patton

Source: Reuters


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