At Choose France, billions of euros in investments do not make up for entrepreneurs’ budget concerns

This is the largest investment announced on Monday, November 17, at the government’s Choose France event for French companies. The Opcore company, a subsidiary of the Iliad group, the parent company of the Free operator (owned by Xavier Niel, individual shareholder of the Le Monde Group), plans to invest 4 billion euros in a new data center in Seine-et-Marne. The data center will be built on the site of the former EDF thermal power plant in Montereau-Vallée-de-la-Seine. Equipped with “several hundred megawatts”it should be like that “one of the most important in Europe”according to Opcore.

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This investment alone represents almost half of the new 9.2 billion euro commitment announced on Monday to Choose France. The remaining 30.4 billion euros of investment proposed by the Economy Ministry, or 21.2 billion euros, are already known projects.

The first edition of the Franco-French meeting aimed at foreign entrepreneurs in eight years was largely dominated by investments in digital technology and in particular in data centers. Apart from Opcore, Eclairion, a French supercomputer hosting company, will also have to invest 2.5 billion euros in two locations on the Moselle. Or the Marseille startup Sesterce, a cloud specialist dedicated to artificial intelligence, which will double the power of its Alixan project, in Drôme, worth 1.5 billion euros.

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