The 7th edition of the Choose France summit, held on May 13, 2024, at the Palace of Versailles, resulted in a record €15 billion in foreign investment commitments, according to the French presidency. The event, chaired by President Emmanuel Macron, attracted 180 foreign business leaders and generated 10,000 new job pledges across various sectors.
Major announcements included Microsoft's €4 billion investment to expand cloud and AI infrastructure in France, creating 2,500 jobs by 2027. Amazon committed €1.2 billion for logistics and cloud services, adding 3,000 jobs. Other significant pledges came from GSK (€1 billion for vaccine production), Pfizer (€500 million for R&D), and Morgan Stanley (€500 million for a new campus in Paris).
The summit highlighted France's attractiveness for foreign direct investment, particularly in technology, pharmaceuticals, and finance. Macron's pro-business reforms, including a reduced corporate tax rate from 33.3% to 25% and labor market flexibility, were cited as key factors. However, critics note that France's public deficit remains high at 5.5% of GDP in 2023, and political uncertainty could affect future investment.
