Search DubaiPRNetwork.com

Home >> Banking & Investments

Foreign companies back France more strongly than ever as a European business location

Sunday, April 8, 2018/ Editor -  

Share

Home >> Banking & Investments
  • 300 companies from Middle Eastern countries recorded in 2017 employing + 24,000 people
United Arab Emirates, April 8, 2018.   “The 2017 Annual Report: Foreign investment in France – The international development of the French economy” just released, provides confirmation of the renewed confidence global foreign investors have in France as a business location. The figures were revealed at a press conference held at the headquarters of Cisco in Paris region, by Bruno Le Maire, French Minister for the Economy and Finance, and Christophe Lecourtier, CEO of Business France.
 
A total of 1,298 investment decisions in 2017 (up 16% year-on-year) created or maintained 33,489 jobs (compared with 1,117 decisions and 30,108 jobs in 2016). More than 400 new companies decided to expand their business by investing in France, making up 32% of all investment projects recorded. 
Investment decisions from the Middle East came mainly from Egypt (37%) and the UAE (37%) which is the first country form the GCC.
 
DP World subsidiary P&O Ports announced a €30 million investment in partnership with the commercial port of Sete, in southern for the creation of a container terminal, generating 30 jobs. Other plans currently being considered for the port of Sète include running a fruit terminal and expanding the marina in partnership with a leading name in the sector.
 
“The growing numbers of investment decisions in France, and the jobs they generate, highlight the renewed confidence that decision-makers now have in a country on the move. France’s business image is improving markedly: according to a survey conducted by Kantar Public on behalf of Business France, 84% of foreign investors now consider the French economy to be attractive, up 10 percentage points from 2016,” stated Christophe Lecourtier, CEO of Business France.
 
2017 recorded around 300 companies from Middle Eastern countries operating in France, where they employ more than 24,000 people, including 49 companies listed in the Global Forbes 2000. 
Middle Eastern Investments were made in a total of seven sectors including agri-food, logistics, hospitality while they were mostly located in Lyon, Provence and Paris region.
 
“Innovation and manufacturing stand out in these results, in addition to France’s established structural advantages. In recent months, a new image of the country has emerged, attracting foreign investors here to pursue their projects in Europe. Everyone at Business France works day in day out to convince these investors that France is an attractive destination,” added Lecourtier.

Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Abu Dhabi University Honors Winners of ‘Art for Autism' Contest

Dubai Ladies Club in partnership with ‘Brides do Good' to open ‘Designs of Hope' ...

Healthy Hair with HASK

Equinix to Support Direct Connectivity to New Google Cloud Partner Interconnect ...

Boehringer Ingelheim Has a Very Successful 2017 Financial Year

Dazzle Your Home with Danube Home's Exclusive Design Décor Ramadan Catalogue

Oh, It's Gold! Sparkling Elegance And Intoxicating Sensuality

‘Read, Dream, Create' Awards Winners of Creative Writing Competition at SCRF 201 ...

Bosch Blazing New Trails in Mobility and Environmental Protection

Emirates Introduces Home Check-in in Dubai

DoubleTree by Hilton Resort & Spa Marjan Island and DoubleTree by Hilton Ras Al ...

Micro-Learning Approach Complements Emirates Post Group's Robust Learning and De ...

Awqaf and Minors Affairs Foundation Inaugurates Saif Al Ashram Endowment Project

IKEA Has a New Café For Conscious Coffee Lovers

Emirates Airline Festival of Literature Is Named Best Arts and Cultural Event in ...

Ambassador School wins Golden Peacock global award for innovative service

flynas, the first airline in Saudi Arabia to offer travel insurance in partnersh ...

Skyline University College Students Attended 3-Day Training Program in New York

Ibrahim Nasrallah wins 2018 International Prize for Arabic Fiction

TBWA\RAAD wins regional Creative mandate for Mai Dubai