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International investments in France recorded 33,682 jobs created or maintained in 2015

Rejula ARUN - 24-mars-2016 13:37:19
United Arab Emirates, March 23, 2016 . The “2015 Annual Report: Foreign investment in France. The international development of the French economy” just released results of foreign investment decisions in France and their contribution to the French economy. In 2015, 962 investment decisions created or maintained 33,682 jobs with manufacturing operations and new headquarters to the fore, the best figure in the last five years. With an average of 19 decisions made every week, 2015 saw a 27% increase in jobs generated by foreign investment, up from 26,535 in 2014. Six new investment projects from GCC were recorded in 2015, creating or maintaining 632 jobs. Fifty percent of GCC investments in 2015 came from the United Arab Emirates, while Kuwait, Oman and Qatar each accounted for 17%.  Half of these projects involved decision-making centers (first-time investments), while the other half were in logistics, business services, and personal services. Salim SAIFI, Director of Investment at Business France regional office in Dubai said: “In 2015, investments by GCC companies were made in a variety of sectors, including hotels, telecoms, and logistic. Today, there are over 135 companies from GCC operating in France, where they employ more than 6,000 people”. “We do not include the significant financial flows invested by Gulf Sovereign Wealth Funds which have been investing traditionally in France” SAIFI added. Foreign companies invested primarily in production/manufacturing operations, which accounted for 30% of all foreign investments in France, generating 16,168 jobs (up from 11,601 in 2014), or 48% of all jobs created or maintained. Another key development was the increase in headquarters, as the number of new global or European headquarters rose sharply from 16 in 2014 to 27 in 2015. German firm Siemens decided in 2015 to make Toulouse (Languedoc-Roussillon-Midi-Pyrénées region) the global headquarters for all operations relating to its ‘Val’ range of turnkey automated metro solutions, while Canadian horticulture and agriculture specialist Premier Tech decided to expand its European headquarters in the Pays de la Loire region, creating a new automated production line and global R&D center. The number of R&D, engineering and design projects (87) remained high, amounting to 9% of all foreign investment decisions in 2015. Foreign-owned subsidiaries in France were responsible for 28% of all business enterprise R&D expenditure nationwide, spending €8.6 billion. Foreign investments were received from 53 different countries in 2015, up from 47 in 2014: those from European countries remained predominant (60% of all foreign investment decisions), followed by North America (22%) and Asia (13%), in very similar proportions to 2014. The leading source countries were the United States (18%), responsible for one-quarter of all inward R&D investments, Germany (15%), accounting for 26% of all foreign production/manufacturing projects, Italy (9%), providing 31% of inward investment in logistics, the United Kingdom (8%), responsible for 22% of all foreign investment in retail outlets, and Japan (6%), the fourth leading source of foreign production/manufacturing investment. BRIC nations (Brazil, Russia, India, China) represented 7% of inward investments in France (68 investment decisions), including 44 projects from China and Hong Kong. Project numbers were up for many source countries, including Canada (38 projects, +31%), the Netherlands (37 projects, +12%), and Ireland (15 projects, +114%). Foreign companies currently generate 32% of French exports. Figures from the French National Institute for Statistics and Economic Studies (INSEE) show that more than one-quarter of foreign-owned company turnover in France was generated through exports in 2015, compared with 31% in the United States, 21% in Germany, 25% in the Netherlands, 15% in the United Kingdom, and 30% in Japan. Muriel Pénicaud, France’s Ambassador for International Investment and CEO of Business France said: “Foreign investment decisions generated 33,682 jobs in France in 2015, up 27% from 2014, amid fierce international competition to attract investment projects and the employment opportunities they entail. Working alongside its regional partners, Business France has redoubled its efforts to convince foreign investors that France should be a key business location for their projects in Europe, attracting 54% or 522 of the 962 investments recorded this year nationwide.” Business France is the national agency supporting the international development of the French economy, responsible for fostering export growth by French businesses, as well as promoting and facilitating international investment in France. It promotes France’s companies, business image and nationwide attractiveness as an investment location, and also runs the VIE international internship program. Founded on January 1, 2015 through a merger between UBIFRANCE and the Invest in France Agency, Business France has 1,500 personnel, both in France and in 70 countries throughout the world, who work with a network of public- and private-sector partners. For further information, please visit: www.businessfrance.fr Media contacts: Middle East: Miryem Oukas-Messidi: Miryem.oukasmessidi@businessfrance.fr +971 (0)55 478 3215 France: Cynthia Odsi  Cynthia.odsi@businessfrance.fr    +33 1 40 74 74 15  

Mr Salim SAIFI "Director, Investment" had the pleasure of speaking with Al Jarida

Yousra Lahbabi - 26-juil.-2015 10:15:52
Mr Salim SAIFI "Director, Investment" had the pleasure of speaking with Al Jarida Please Click Below, to read the full article: http://www.aljarida.com/news/index/2012755505/%D8%B5%D9%8A%D9%81%D9%8A--%D8%A3%D8%AF%D8%B9%D9%88-%D8%A5%D9%84%D9%89-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D9%81%D8%A7%D8%AF%D8%A9-%D9%85%D9%86-%D8%A7%D9%84%D9%81%D8%B1%D8%B5-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D9%8A%D8%A9-%D9%81%D9%8A-%D9%81%D8%B1%D9%86%D8%B3%D8%A7  

Business France had the pleasure of speaking with Forbes ME, about: "French connection: Through the highs and lows, France intends to remain a destination of choice for GCC investors."

Yousra LAHBABI - 06-avr.-2015 11:47:39
Forbes ME March Issue France didn’t get off to the best of starts this year—the attack on satirical magazine Charlie Hebdo and a series of related inci¬dents cast the country into the spotlight. However, despite a wave of controversy, tensions and heightened security, Salim Saifi, Investment Director at Business France’s Middle East office, is confident that the amiable ties between France and the GCC will continue to yield strong investment opportunities for both sides. Forbes Middle East: What effect will January’s in¬cident in Paris have on the investment climate in France? Will it affect GCC investor willingness to invest in the country? Salim Saifi: Generally, investors adopt a business model that would ensure resilience and long term sustainability. We have not seen any slowdown in GCC companies’ enthusiasm for growth, innova¬tion and expansion in France. We understand the media attention we have received, however France is a country of open dialogue with a rich and di¬verse cultural tapestry. France is home to more than 20,000 foreign companies employing more than two million people and is a welcoming place for invest¬ment and talent. This is particularly true for GCC countries as they are considered great political, eco¬nomic, and social partners in our communities. FME: What factors shape the investment relation¬ship between France and the GCC? SS: The investment relationship between France and GCC countries has existed for decades. This relationship has been steadily growing, with over 500 French firms operating in the region in a wide range of sectors such as energy, finance, industry, advertisement, education, hospitality and retail. Most of these firms are affiliated with major French companies that have long been established in the area, and are involved in supporting the countries’ development in various fields. Meanwhile, GCC in¬vestments in France have showed constant growth in the last few years with around a 100 companies established in France. Those investments are encouraged by mutual agreements such as double taxation treaties, in force since the 80s with each GCC country, enabling pub¬lic and private investors to invest within an advan¬tageous, clear and secure framework. FME: How significant is investment from the GCC to France’s economy? SS: Investments from the GCC in France are sig¬nificant; they reached a stock of €7 billion ($7.89 billion) in 2014, while 10 years ago they did not ex¬ceed €1 billion. These volumes are conservative as they do not include substantial amounts of money injected by leading institutional investors like sover¬eign wealth funds. France is the second-largest recipient of GCC investment projects in Europe. Their investments contribute to job creation, with nearly 6,000 peo¬ple employed by Gulf companies in France, as well as overall economic development of several French regions. The proportion of high value-added projects is constantly increasing thanks to the work of a num¬ber of research and development centers. For exam¬ple, the Aramco Fuel Research Center, inaugurated last year in Paris, is an emblematic illustration of co¬operation in the field of technology between France and Saudi Arabia. FME: What types of GCC investors have in¬terests in France? SS: Middle Eastern investors in France are in¬stitutions, corporations and individuals. We are strongly supporting and welcoming of all three as they look to set up and invest in our country. As long-term investors, GCC institutions are mostly investing in infrastructure, select¬ing trophy assets and securities. Meanwhile, local businesses that have the potential for expansion globally are typically setting up through industrial acquisitions or technolog¬ical partnership deals. Finally, a large num¬ber of individuals have traditionally invested prominently in French real estate. FME: Which GCC countries invest most in France and in what/where do they invest? SS: If we consider direct investments only, more than 50% of the annual flows have orig¬inated from the UAE in the last three years. However, in terms of job-creating investment, Qatar is the largest contributor, followed by the UAE and Saudi Arabia. The main GCC companies by employ¬ment in France are concentrated in produc¬tive sectors such as chemicals and plastics (IPIC/Borealis), engineering and construc¬tion (Oger International), hospitality (Katara Hospitality), fashion (Qatar Luxury Group) and logistics (Agility). FME: What attracts GCC investors to France and how can France attract more investment from the Arab world? SS: I believe that France offers an attractive mix of investment opportunities underpinned by talent and value. France is at the heart of the European single market and a gateway to the MENA region. Our country offers several structural advantages, such as efficient public services, world-class infrastructure, a diver¬sified technological base, a skilled and pro¬ductive workforce and one of Europe’s most dynamic demographics. In addition, France is also recognized for its quality of life. Adding to its attractiveness, France is fo¬cusing on key issues such as economic com¬petitiveness, tax friendly rules and the wel¬come afforded to investors. GCC investors as global players are particularly mindful about these specific points.    

France’s investment attractiveness holds firm in 2013

Miryem Oukas Messidi - 18-mai-2014 14:51:05
Dubai, May 18th, 2014. The “2013 Report: Job-creating foreign investment in France” provides an analysis of the source, nature and breakdown of foreign job-creating investments in France, as recorded by the Invest in France Agency (IFA) and its regional partners.  In 2013, job-creating foreign investment maintained its upward trend, with a stronger contribution to employment than in 2012: France attracted 685 new projects, compared with 693 in 2012. These investment decisions enabled 29,631 jobs to be created or retained, up from 25,908 in 2012. The results, announced by President Hollande on February 17th in Paris at a Strategic Attractiveness Council meeting attended by around 35 foreign business leaders, highlight the resilience of France’s investment attractiveness in 2013 amid slow economic growth in Europe. The United States remained the leading source country, despite the number of investment decisions falling from 156 in 2012 to 122 in 2013, accounting for 18% of all foreign investments. Europe was responsible for 61% of new projects, compared with 58% the previous year. Germany was again the leading European investor and second overall after the United States, with 106 projects. Italy remained the second ranked European country, with 64 investment decisions. Several European source countries saw their results increase significantly, most notably the United Kingdom, Belgium, the Netherlands, Sweden and Austria. The proportion of projects from emerging economies continued to grow, accounting for 11% of all foreign investments, with 44 countries in all investing in France, up from 39 in 2012. China remained the eighth largest investor overall, with 33 projects, preceded by Japan with 35. France continued to attract investments from GCC with 13 investment projects in 2013, enabling 514 jobs to be created or retained. Saudi Arabia and the UAE remained the leading source country in GCC, with 8 projects. Other GCC countries recorded rises, including Qatar and Bahrain. Investment projects from GCC are mainly related to production activities (chemical industry, plastics, aeronautics) and decision centers (primo-implantation). The structure of investment projects has increased added value with the establishment of 2 R&D centers. The number of foreign investment projects in R&D, engineering and design operations rose sharply from 58 in 2012 to reach an all-time high of 77 investment decisions in 2013. There was a 13% increase in R&D projects (51), with the leading investors hailing from the United States, Germany and Japan, accounting for 30%, 13% and 9%, respectively, of foreign R&D investment. The digital sector, which spurs innovation across all industries, was the leading recipient of foreign investment in France, as it has been since 2011. The number of investments in production/manufacturing activities, which had been falling since 2010, rose again in 2013 to 209 decisions, compared with 194 in 2012. These projects accounted for 11,829 jobs, or 40% of jobs generated by foreign investment. Germany was the leading foreign investor in this area with 41 projects, accounting for 20% of all production/manufacturing investments. There was a considerable increase in takeovers of ailing sites, with 65 such projects compared with 29 in 2012, leading to a 50% rise in the number of jobs maintained. “We are very pleased to see France break a new record in 2013 for the number of GCC investment decisions, especially in manufacturing activities and R&D operations, which have doubled from 2012 to 2013. This outstanding result confirms the quality of France’s innovation ecosystem, all thanks to the creativity of France’s talented individuals and the government’s bold policies that are appreciated by foreign investors”, commented Mr. Salim Saïfi, chief representative of Invest in France Agency in the Middle East.   About Invest in France Agency (IFA) is the national agency responsible for promoting and facilitating international investment in France. The IFA network operates worldwide, with offices in France as well as in North and South America, Europe, the Middle East and Asia. In France, the IFA works in partnership with regional partners to offer international investors outstanding business opportunities and customized services. For further information, please visit www.investinfrance.org To contact IFA: Salim SAIFI: salim.saifi@investinfrance.org Press contacts: Tarek Solimane Head of Communication& press office Tarek.solimane@ubifrance.fr +971 50 708 24 69    Miryem Oukas Press attaché Miryem.oukasmessidi@ubifrance.fr +971 56 957 66 13 Tarek Solimane Head of Communication& press office Tarek.solimane@ubifrance.fr +971 50 708 24 69 Miryem Oukas Press attaché Miryem.oukasmessidi@ubifrance.fr +971 56 957 66 13  
About
Business France is the national agency supporting the international development of the French economy, responsible for fostering export growth by French businesses, as well as promoting and facilitating international investment in France. It promotes France’s companies, business image and nationwide attractiveness as an investment location, and also runs the VIE international internship program. Founded on January 1, 2015 through a merger between UBIFRANCE and the Invest in France Agency, Business France has 1,500 personnel, both in France and in 70 countries throughout the world, who work with a network of public- and private-sector partners. For further information, please visit:  www.businessfrance.fr Consulting:  Law and regulation Market benchmarking Projects and requests for proposals Contacts : Market prospection Exhibitions and B to B meetings Technologic partnerships Communication : Press and public relations Professional advertisements Commerc

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