Foreign investment in France hit 10-year high last year

04/04/2018 06:07 AST

Foreign investment in France rose 16 per cent in 2017 to levels not seen for a decade as President Emmanuel Macron's (pictured) bid to attract money from abroad gains pace, a government report said on Tuesday.

Public agency Business France said 1,298 foreign investment projects were announced last year, allowing some 33,500 jobs to be saved or created. The figure is "the best in 10 years", the report said, up from 1,117 last year.

In a positive sign for Macron's government, which sees boosting France's attractiveness as an investment destination as a priority, 412 new companies decided to invest in France - accounting for a third of the projects.

Half of the announcements were for completely new projects while 42 per cent will expand existing ones, with takeovers account for the rest. The report did not, however, include a count of how many foreign investors may have left France over the same period.

Investors from elsewhere in Europe were behind 58 per cent of the projects, but the report said American firms accounted for more of the jobs, retaking the top spot from Germany a year earlier.


Oman Daily Observer

Most Viewed Companies

Ticker Price Volume
NAYIFAT 13.94 229,739
RIBL 24.84 6,676,931
ABC 0.35 370,000
ALRAJHI 85.00 7,711,297
A.OTHAIMMARKET 11.90 545,416
ZAINKSA 10.82 1,868,409
IHGS 4.20 344,581

Global Major Indices

Index Closing Change
NIKKEI 225 36,581.76 -251.51 (-0.68%)
DAX 18,699.40 181.01 (0.97%)
S&P 500 5,626.02 30.26 (0.54%)

Recent News

The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air

14/09/2024

Federal Reserve officials head into their policy meeting Tuesday closer to their goal of low inflation, but how much they will ease back on interest rates remains an open question.

A week's

AFP

Global markets down on trade war worries

05/04/2018

Stock markets recoiled on Wednesday as China retaliated in an escalating trade war with the United States, leaving investors reluctant to take positions in anything but the safest of assets.

The Gulf Today

Egypt to meet investors this week ahead of euro-denominated bond

04/04/2018

Egypt will start meeting bond investors in Europe this week ahead of a potential euro-denominated bond issue, a document from one of the banks appointed to arrange the meetings showed on Tuesday.

Gulf News

Japan's economy a tricky one to understand

03/04/2018

Explaining Japan's economy to foreign audiences is hard.
One big reason for this is that explaining something as large and complex as a $5 trillion economy is an inherently difficult task - the

The National

China raises import duties on US products

03/04/2018

China raised import duties on a $3 billion list of US meat, apples and other products on Monday in an escalating dispute with Washington over trade and industrial policy.

The government of

The Gulf Today

logo

Financial Information Co.

(MITCO), P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap