The Zhitong Finance App learned that companies such as Amazon (AMZN.US), Pfizer (PFE.US), and Morgan Stanley (MS.US) are all preparing to expand their business in France and will announce a series of new overseas investment plans on Monday local time.

French President Emmanuel Macron will host 180 CEOs and executives at the Palace of Versailles in France to attend the “Choose France (Choose France)” summit. This flagship event, now in its seventh year, is Macron's administration's push to reindustrialize the country, simplify regulations to attract foreign companies, and make it part of the EU's financial center after Brexit.

The French government said on Sunday that the total investment will exceed the 13 billion euro (14 billion US dollars) project announced last year.

The government said Amazon will spend 1.2 billion euros to strengthen the e-commerce company's logistics and improve the computing power of its cloud computing division, AWS, especially artificial intelligence. This move will add about 3,000 jobs. In the pharmaceutical industry, Pfizer will invest an additional 500 million euros in France, while AstraZeneca (AZN.US) will invest 365 million euros in the Dunkirk region.

Also, French Finance Minister Lemaire said on Saturday that Morgan Stanley is expanding its European campus in Paris to build a global research center. Since 2021, the US bank has increased its number of employees in Paris from 150 to around 400. A Morgan Stanley spokesperson said the company will add 100 employees to all departments in Paris, including the R&D center, which currently has 90 employees and is likely to increase to 120.

The minister added that First Abu Dhabi Bank (First Abu Dhabi Bank) Nigeria's Zenith Bank will also open an office in Paris. Lemaire said these businesses will help French companies invest in the Gulf region and English-speaking Africa, and show that Paris is becoming a key location for global players.

Other investments that Lemaire is previewing include two factories to help France become a leader in the “decarbonization industry.” Switzerland-based KL1 plans to invest 300 million euros (US$324 million) to establish a 200-employee nickel (key component of electric vehicle batteries) smelter in Blanquefort near Bordeaux.

Lemaire said that German startup Lilium (LILM.US) will spend 400 million euros to build a vertical take-off electric aircraft assembly plant in southwestern France, creating as many as 850 jobs.

French Minister of Industry Lescourt said in an interview last Sunday that the European consortium Fertighy plans to invest 1.3 billion euros in northern France by 2030 to produce low-carbon nitrogen fertilizer. He added that Belgian chemical group Solvay (SVYSF.US) is expected to launch a rare earth production unit at its La Rochelle plant at a cost of 100 million euros.

More projects are expected to be announced on Monday. According to reports, about 3 billion euros of technology and artificial intelligence-related projects will be unveiled, and KDDI and EQIX.US (EQIX.US) will build new data centers.

According to information, France is often criticized for its strict labor laws, regulations, and political pressure on companies, and the country is currently developing a new plan to make Paris more attractive as a European financial center. These initiatives have spurred more companies from Asia, the Middle East, Canada, and Australia to consider moving their operations to Paris.

In recent years, Paris has developed into a financial center, attracting banks and hedge funds seeking a foothold in the European Union after Brexit. Britain's 2016 Brexit vote forced some of Wall Street's biggest banks to adjust their operations to ensure they trade European assets — from government bonds and interest rate products to stocks — in the 27 countries that remain in the EU.

Lemaire will have lunch with top bankers on Monday. Guests include JPMorgan Chase (JPM.US) CEO Jamie Dimon, KKR (KKR.US) co-founder Henry Kravis, Goldman Sachs (GS.US) CEO David Solomon, and Bank of America (BAC.US) CEO Brian Moynihan.