France Secures Billions at Foreign Investment Summit
By Mauro Orru
France received billions of dollars of investment commitments from U.S. tech giants, pharma companies and others at a summit just outside of Paris, underscoring a push from President Emmanuel Macron to promote the country as an attractive destination for international investors.
Microsoft, Amazon.com, Pfizer, AstraZeneca and Sanofi were among the top investors at the Choose France summit held Monday at the Palace of Versailles.
Microsoft President Brad Smith said the tech giant would pour 4 billion euros ($4.31 billion) to build out artificial-intelligence, data-center and cloud infrastructure in France. Amazon said it would invest EUR1.2 billion to boost its AI presence and speed up deliveries in the country.
Sanofi, Pfizer and AstraZeneca said they would each invest more than EUR1 billion, EUR500 million and $388 million respectively.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
May 13, 2024 05:55 ET (09:55 GMT)
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