at least 10 billion in investments made official on Monday

at least 10 billion in investments made official on Monday
at least 10 billion in investments made official on Monday

Artificial intelligence, decarbonization and health will be in the spotlight at the seventh edition of the summit. Emmanuel Macron could himself make other announcements this Monday.

The President of the Republic will welcome several hundred business leaders to Versailles this Monday for the “Choose France” summit. According to the executive, this seventh edition will give rise to investment announcements greater in number than those of previous vintages. It is still too early to know the cumulative amount, but the confidences distilled by the executive this week give a foretaste of the announcements which will be made official on Monday. The main themes of this edition are artificial intelligence and decarbonization. But other announcements are expected in pharmacy, agro-industry and banking

More than 5 billion investments in artificial intelligence

Emmanuel Macron has never hidden his ambition to make France a European leader in artificial intelligence. AI players wishing to invest in France will therefore be treated to the red carpet this Monday. Based on the current information available, investment announcements in this sector should exceed 5 billion euros. The ambition is to provide France with data centers capable of providing unprecedented storage and computing power.

Microsoft could invest more than 2 billion euros to build a new data center near Mulhouse (Haut-Rhin)according to information from Alsace and of The Republican East , taken up by La Tribune Sunday . The American IT giant could create 200 new jobs. This would be the most important announcement of this seventh edition of “Choose France”.

Amazon should spend 1.3 billion to build a data center for its cloud subsidiary AWS, according to The echoes . The firm also wishes to set up a new warehouse for its e-commerce activities. In total, nearly 3,000 jobs should be created, including around a hundred for the data center alone.

Equinix will invest 630 million euros in a new data center, according to The echoes . The American leader is a partner of the French company Alice&Bob on quantum.

The Japanese telecom operator KKDI (Telehouse) will invest one billion euros for its activity AI» . This sum will be allocated to the extension of existing sites located in Paris and Yvelines, as well as to the construction of two new data centers dedicated to AI, in Île-de-France and in the South region. These two sites will allow the creation of around fifty jobs each.

The consulting giant Accenture will open two research centers in generative AI, in Sophia Antiopolis and Paris. The creation of around a hundred jobs is planned. The amount of the planned investment has not been disclosed.

Quantum computing comes to the top

IBM would be ready to invest 45 million euros in the creation of a research and development center in Saclay. According to The echoes , the IT group plans to create around fifty jobs. The boss of IBM, Arvind Krishna, is one of the dozen international leaders invited to Emmanuel Macron’s table on Monday.

Finnish IQM plans to open a quantum hardware pilot laboratory. This site of the future could take place in Bordeaux. The amount of investment and expected jobs are not known.

Nearly 5 billion euros invested in decarbonization projects

More competitiveness, fewer polluting emissions. This could summarize the ambition of this edition of “Choose France”, which gives pride of place to decarbonization initiatives. At least eight projects should be formalized on Monday, for a cumulative amount of nearly 5 billion euros of investment, according to information revealed on Saturday by Le Figaro.

The Estonian start-up Skeleton Technology plans to install an R&D center and a battery factory in the Occitanie region. This will represent an investment of 600 million euros and will create 300 jobs.

The French Axens and the Chinese Hunan Changyuan Lico want to invest 600 million euros in a factory. The site of the two players will aim to manufacture cathodes, used in the composition of batteries and will hire 600 people. The location is not completely fixed, but Hauts-de-France holds the rope.

The company KL1 will build a nickel refining plant in Blanquefort (New Aquitaine). According to information from Figaro it will invest 300 million euros on this site intended to supply active cathode materials manufacturing plants such as those of Axens and Lico from 2027. The project, eligible for the green energy tax credit, will result in the creation of 200 jobs in this Gironde town shaken by the closure of the Ford factory in 2019.

German start-up Lilium will invest 400 million euros to build an assembly plant for its electric plane and a battery reconditioning plant. It plans to hire 850 employees. The location of the site has not yet been decided, but New Aquitaine is mentioned. The project could benefit from the strategic projects guarantee for its financing.

The Franco-Belgian chemical giant Solvay will reconvert its La Rochelle factory in Seine-Maritime. The project was announced by Roland Lescure in La Tribune Dimanche. This improved site will allow the launch of the first phase of a large-scale rare earth production unit», used in the construction of electric motors or wind turbines. Ultimately, this new activity “green” could represent investments exceeding 100 million euros.

The French start-up Carbon will present a colossal investment of 1.6 billion euros for a giga-factory in Fos-sur-Mer. This 45 hectare site will be capable of covering all the stages necessary for the construction of solar panels, according to information from La Tribune Sunday . The project should enable the creation of 3,000 direct jobs and 9,000 indirect jobs.

The Canadian Paper Excellence wants to devote 190 million euros to decarbonize its French industrial sites. The pulp and paper player, established in France for several years, will equip its Saint-Gaudens (Haute-Garonne) site with a new production line at a cost of 150 million euros.

The Spanish start-up FertigHy will invest more than 1.3 billion euros in the Somme in favor of low-carbon agriculture. This investment, announced in La Tribune Dimanche, aims to produce low-carbon nitrogen fertilizers based on hydrogen on the Languevoisin site.. 250 jobs will be created to develop this innovative process which aims to avoid the emission of “nearly 1 million tonnes of CO2 per year”.

Read alsoDecarbonization, a driver of foreign investment in France

1 billion new investments in pharmacy

Subscribers for years to “Choose France”, the global pharmacy giants have planned new promises as part of this seventh edition.

Pfizer will invest 500 million euros to strengthen the R&D ecosystem in oncology and hematology. The American group has already invested 520 and 500 million euros in previous editions.

AstraZeneca will devote 365 million euros to the decarbonization of all of its industrial sitesaccording to The Parisian . It will thus create around a hundred jobs. In 2020, the Swedish-British laboratory announced an investment of 450 million euros over five years across the country.

GSK will allocate 140 million euros to modernize its French production sites. According to The ParisianThe sites of Évreux (Eure), Saint-Amand-les-Eaux (North) and Mayenne are concerned.

Novartis will spend 28 million euros to improve its Huningue (Haut-Rhin) site and create 25 jobs. These positions will be dedicated to nuclear medicine research.

International banks more present in Paris

No industry without funding. Bruno Le Maire will once again plead for a union of capital markets in Brussels from Tuesday. In the meantime, he can rejoice in the enthusiasm of international banks for the French capital, as evidenced by the projects unveiled as part of Choose France”.

The American investment bank Morgan Stanley will inaugurate its new European campus this Monday in Paris. The project, unveiled this Sunday by Le Figaro , aims to create a European hub for market activities and develop the group’s global financial research center. It will bring the number of employees of the American bank in the French capital to 500.

The main Emirati bank, First Abu Dhabi Bank, and the Nigerian bank Zenith Bank will open an office in Paris. The announcement, which will be made official on Monday, constitutes a good signal a few days before the start of the examination of the proposed law on financial attractiveness in the Senate.

Traditional industries are not left out

The German Vorverk is committed to investing 72 million in the Châteaudun region. The company which produces Thermomix kitchen robots has been present in France since the 1960s. It had already announced 57 million investments in 2022. This new investment should enable the creation of around fifty jobs.

McCain modernizes its French fry factory. This will be the President of the Republic’s second trip on Monday. Emmanuel Macron will visit the McCain factory in Matougues (Marne). According to the newspaper The union , this will be an opportunity for the Canadian group to announce a significant investment. The regional daily assumes that this mystery project will concern the Grand Est or Hauts-de-France, territories in which McCain “Source” its raw material. It could relate to the construction of a “second line of fries”.

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