MIL-OSI Translation: France is consolidating its attractiveness in an unstable global context.

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MIL OSI Translation. Government of the Republic of France statements from French to English –

Business France is today publishing the national figures for the “2023 Report on International Investments in France”, which demonstrate the confidence of foreign investors for the France site in an unstable global context.

These results demonstrate that France has managed to maintain its attractiveness to international investors. They are the result of a vast program of structural reforms implemented since 2017 by the President of the Republic and his government aimed at transforming the economy, business activity and gaining competitiveness. France has also held first place on the podium in Europe for welcoming foreign investments for four consecutive years.

Thanks to reforms and our attractiveness strategy, France is attracting more and more international investments. Our partners trust us! This is good for employment and the life of the regions.

— Emmanuel Macron (@EmmanuelMacron) February 29, 2024

In 2023, 1,815 investment decisions were identified based on the expanded scope. These projects will enable the creation or maintenance of 59,254 jobs over 3 years. On average, 35 investment decisions were recorded per week last year in France.

From 2023, the scope of project accounting is expanded. Investments in decarbonization, digitalization, safeguarding and technological partnerships are now listed by Business France in the Balance Sheet, even if they do not generate jobs, because they strengthen French industrial assets, modernize the sites of foreign investors and enter in the France 2030 attractiveness strategy. There will be 112 of them in 2023.

These projects come from 56 different countries, but the vast majority come from Europe (65% of projects and 56% of jobs). The United States maintains first place with 305 projects (17,000 jobs), ahead of Germany with 272 projects (6,815 jobs). The United Kingdom completes the podium of investing countries in France with 173 projects identified (4,435 jobs).

The creation of establishments represents 47% of investment projects, a sign that investors are convinced by the business environment and the economic prospects of France. The extensions, which represent 45% of projects and 68% of jobs, demonstrate continued confidence in France from foreign investors. They represent the satisfaction of investors after a concrete experience of which they were able to measure the advantages.

France is always attracting more international investments!

The latest figures demonstrate continued investor confidence. It is recognition of the structural reforms carried out and a multitude of opportunities for the French economic fabric.

— Élysée (@Elysee) February 29, 2024

France has made decarbonization a priority. The 2023 International Investment Review lists 205 projects that directly concern the objective of “decarbonization” of our economy, or 11.3% of projects. Among these projects, we find 84 sustainability decisions as well as creation/extension decisions. Decarbonization strengthens French industrial capacity and guarantees the future of French production sites in competition between the parent companies of their units throughout the world.

The France 2030 plan offers foreign investors the opportunity to participate in France’s new industrial ambition. 559 of the projects listed in the 2023 Report concern priority segments targeted by France 2030. This represents 31% of investments, 70% of which are monitored by Business France.

International investment projects irrigate the entire territory. Foreign-controlled companies are present and create jobs in all regions of France. 49% of projects and 73% of industrial projects are carried out in municipalities with less than 20,000 inhabitants.

France is not resting on its good results, it is resolutely committing to new reforms to maintain its rank at the global and European level. It continues its modernization and innovation efforts. In order to promote its economic assets, the President of the Republic brings together foreign investors in Versailles each year during the Choose France Summit, an event that has become an essential part of the agenda of international leaders.

Since last fall, France has been deploying a “Make it Iconic” campaign around the France brand which draws on its strengths in terms of industrial and economic dynamism, innovation potential, and cultural and artistic vitality. Investors and talents from around the world are invited to come and create in this territory of innovation.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

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