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"Choose France": the Elysée announces investments of nearly 4 billion euros - France 24

2020-01-19T21:01:17.742Z

"Choose France": the Elysée announces investments of nearly 4 billion euros



Paris (AFP)

Nearly 4 billion euros from large foreign groups will be invested in France, announced Sunday evening the Elysée, upstream of the 3rd summit "Choose France" intended to show that the Hexagon still attracts, despite social movements.

"Health, transport, banking, agrifood, telecoms, digital ... There are announcements on all territories, in all sectors and for all types of jobs (...) For us, this is an 'spatial planning', welcomed the Presidency of the Republic.

Among these announcements, the most important comes from the Italian-Swiss shipowner MSC, which placed an order for 2 billion euros at the Chantiers de l'Atlantique in Saint-Nazaire for two new liners, available in 2025 and 2027 and powered by LNG (liquefied natural gas).

This firm order is accompanied by the signing of two memoranda of understanding between MSC and the shipyards, potentially involving 4 billion euros of additional investment, the executive said.

Emmanuel Macron invited Monday, during the 3rd edition of the "Choose France" summit, nearly 200 French and foreign bosses to the Palace of Versailles, on the eve of the World Economic Forum (WEF) in Davos.

Several trade union organizations - CGT, FO, FSU and Solidaires des Yvelines - have already announced that they would take the opportunity to demonstrate on the spot, on the 47th day of strike against the pension reform, in order to demand the withdrawal of the project.

As in 2018, France remains the second destination for foreign investors in Europe behind Germany and ahead of the United Kingdom. Between 2017 and 2019, its attractiveness increased from 22nd to 15th in the ranking published by the WEF, "the best progression of the top 20", according to the Elysée.

According to Matignon, foreign direct investment in French companies grew by more than 5 billion euros in 2018 (an increase of 20%) "and the year 2019 promises to break new records".

- MSC, Coca-Cola and AstraZeneca -

The construction in Saint-Nazaire of two new liners with 6,700 passengers each will generate "14 million hours of work, corresponding to 2,400 jobs for three and a half years," said the executive.

The agreement also provides for the development of a new class of LNG liners as well as that of a new prototype of boats propelled partly under sail, effectively integrating the "best environmental innovations", the cruise sector. being regularly accused of polluting enormously.

The executive notes that these orders and memoranda of understanding are "in the wake of 15 boats already built by the shipyards for MSC over the past 20 years" and refers to "13 MSC ships" which will leave Saint-Nazaire in the decade to come.

Among the other announcements within the framework of "Choose France" is the decision of Coca-Cola and its bottler to invest one billion euros over five years in France, half of which to strengthen its production and distribution network, and the other to "support the development of its current brands and introduce new products to the French market".

In addition, the pharmaceutical giant AstraZeneca has announced an investment of more than 450 million euros (500 million dollars) over five years in France, including more than 200 million euros for its Dunkirk site where Mr. Macron is expected. on Monday.

The Anglo-Swedish group, which employs around 1,000 people in France, will in particular continue the development of its Dunkirk site, which specializes in the production of aerosol products for the treatment of asthma and chronic obstructive pulmonary disease, stresses t it Sunday in a statement.

According to the group, 230 million dollars (207 million euros) will be invested over five years for the creation of an autonomous assembly line in particular, but also for the modernization of existing equipment and infrastructure.

A hundred jobs will be created "to support this ramp-up," says AstraZeneca.

LRB-etr-lem-kd-cda-boc / tq / cbn

© 2020 AFP

Source: france24

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