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US retail giant Amazon is expected to announce a €1.2-billion ($1.3-billion) investment in France, the French government said Sunday, while pharmaceutical giants Pfizer and AstroZeneca have pledged nearly €1 billion ahead of the annual Choose France summit on foreign investment starting Monday.
Pfizer said it would invest €500 million in France to build up its research and development presence in the country while AstraZeneca announced an investment of $388 million for its site at Dunkirk.
Finance Minister Bruno Le Maire said on Sunday that the new office from Wall Street bank Morgan Stanley, dubbed as its new European campus, would create 100 more jobs in Paris.
He added that German aviation firm Lilium would invest €400 million in a factory while Swiss-based firm KL1 would commit €300 million of funds in a nickel refining site. Those two investments, combined, could create more than 1,000 jobs.
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Le Maire was speaking as President Emmanuel Macron was set to host the annual Choose France event on Monday aimed at wooing overseas businesses and investors.
(FRANCE 24 with Reuters)
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