The Elysée announces a wave of 4 billion euros of foreign investment in France

published on Sunday, January 16, 2022 at 8:39 p.m.

21 new mainly industrial projects are concerned, according to the presidency.

This wave of foreign investment will make it possible to launch new projects with a strong industrial connotation.

The American Eastman, specializing in the production of materials, will notably invest 850 million euros in a plastics recycling plant, the Swedish furniture giant Ikea 650 million over three years and the German chemist BASF 300 million on the Alsatian site. of Chalampé (east of the country) that President Emmanuel Macron will visit on Monday, detailed the Elysée.

These announcements are part of the fifth edition of “Choose France”, an event for which CEOs of multinationals are usually invited to the Palace of Versailles but whose face-to-face meeting was canceled this year due to the pandemic.

The 21 new projects will create “more than 10,000 jobs, to which are added more than 16,000 temporary permanent jobs” from the Manpower company, indicated the Elysée, recalling that of the 57 projects announced during the four previous editions, 55 materialized for 8 billion euros, corresponding to 13,300 jobs.

France was in 2019 and 2020 the first destination for foreign investment in Europe, according to the barometer of the firm EY.

For the Presidency of the Republic, this “attractiveness validates all economic policy, it is the result of all the reforms that have been carried out since the beginning of the five-year term” in tax matters in particular. Choose France highlights a fraction of foreign investment in France, but the government agency Business France has identified 5,300 between 2017 and 2020, which have created or maintained 140,000 jobs.

Six other members of the government were expected on Monday at sites hosting some of these massive new investments.

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