Dominique Vidalon and Michel Rose

Paris (Reuters) - The year's "Choose France" business summit will secure new investment of 20 billion euros ($22.47 billion) according to French President Emmanuel Macron.

Macron was sentenced to the transformation of his past views on France as a high tax, rigid economy, as a result of his past shift in view of France as a high tax, rigid economy.

Of the new 20 billion euros invested, Macron also announced an AI-destined project worth about 20 billion euros promised at the Paris AI summit in February.

Macron told Versaille's CEO and entrepreneur: "You've invested heavily in different areas: AI, telecom companies, green hydrogen and circular economy... It's a very complete version, with 20 billion invested in it, and the $20 billion investment was the February summit."

In a commitment made ahead of the summit, U.S. logistics giant Prologis will invest 6.4 billion euros in four data centers in the Paris region, while London-based Fintech Revolut plans to invest 1 billion euros over the next three years to expand in France and will apply for a French bank license.

The announcement also comes from the United Arab Emirates’ AI-centric MGX fund, while others expect to be limited in rare earth sectors from Amazon to the less common metals limited companies from the UK. Elysee said Portuguese company Tekever will build a drone assembly plant in the southwest, an investment of 100 million euros.

Macron's administration is under pressure to weaken industrial layoffs as U.S. President Trump's trade policy has promoted a drastic change, which has put further pressure on Europe's iconic economy.

"We have to invest more in AI, green technology, defense and security, especially because it's a game," Macron said.

According to EY's European Investment Monitor, France has been the leader in international investment in Europe for the past six years, an annual survey of thousands of business leaders, and Macron's consultants have seized the evidence as evidence of his supplier reforming cocktails.

However, this year’s version shows that the number of investment projects has declined for the second consecutive year in Europe, while the number of investment projects in the U.S. increased by one-fifth between 2023 and 2024, EY said, reflecting appeals from the Inflation Reduction Act subsidy package and Trump’s pro-business commitments.