This year's "Choose France" business summit should bring in a total of €37 billion ($41.35 billion) worth of investments, Finance Minister Eric Lombard said on Monday.
The summit, aimed at drawing money from big international businesses to France, should bring in €20 billion worth of new deals and €17 billion worth of already pledged projects, Lombard told RTL radio.
"This is 20 billion euros of totally new projects and, if you remember that a few weeks ago the President hosted a meeting of investors in artificial intelligence and data centers, and 17 billion euros were also pledged," Lombard said.
President Emmanuel Macron's government is under pressure to stem a wave of job cuts in industry, as upheaval fuelled by US President Donald Trump's trade policies puts further pressure on Europe's flagging economy.
Read moreEU publishes hit list of US imports for reciprocal tariffs in Trump trade war
"Amid worldwide competition, France shows it has weapons, France is on the offensive to attract capitals," Lombard said, as he also reiterated the government should be able to meet the country's 2025 target for economic growth of 0.7%.
(FRANCE 24 with AFP)
English (US) · 