France sees 22% jump in 2010 FDI projects

28th March 2011, Comments 0 comments

New foreign investment projects in France jumped 22 percent last year to a 15-year high of 782, demonstrating that the country remains attractive to investors, the government said Monday.

The projects created or saved a total of 31,815 jobs, a six percent gain from 2009, according to the report from the French International Investment Agency (AFII).

The report did not provide a figure for total foreign investment by value.

"France is a country open to investments, to all who want to create jobs," said Agriculture Minister Bruno Le Maire, who is also responsible for government planning.

French President Nicolas Sarkozy also held a meeting with the heads of 25 foreign companies which have operations in France and pledged to streamline the administrative and tax procedures for foreign investors.

In particular, the French government pledged to put into place by the end of this year a special tax regime for non-resident foreign investors.

© 2011 AFP

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