The record figure beat the 15 billion euros announced last year and reinforced France’s status as the top draw in Europe for foreign direct investment, according to an EY ranking.
Macron pointed to reforms he has overseen since becoming president in 2017 and vowed to pursue simplification of bureaucracy and rules.
Among projects announced was a 6.4-billion-euro investment by US logistics company Prologis to build data centres and warehouses, and a 3.5-billion-euro plan by Swiss-Italian company MSC Cruises to build two passenger ships at France’s Saint-Nazaire shipyard.
UK fintech company Revolut said it will plough one billion euros into a headquarters for EU countries in Paris.
“The Choose France summit’s announcements will likely not be enough to reverse the lag in investment by companies in France,“ Sylvain Bersinger, chief economist for Asteres, said in a note.
“France has a lot of advantages, but it can still do better,“ said the head of Amazon France, Frederic Duval, pointing particularly to red tape. The US giant announced 300 million euros in investment.
Representatives of Saudi, Qatari and Abu Dhabi wealth funds were also present, with Macron to open the Paris office of the Saudi Public Investment Fund on Tuesday.
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