Studies highlight Paris’s attractiveness to foreign investors
Economic diplomacy – Paris’s economic attractiveness – Communiqué issued by the Ministry of Foreign Affairs and International Development
Paris, 3 February 2017
Two weeks after the announcement of HSBC’s decision to relocate some 1,000 jobs from London to Paris, two studies, conducted by the auditors KPMG and EY, have emphasized the French capital’s attractiveness in comparison with its European and global competitors.
Paris is seen as Europe’s second most attractive city for foreign investment, after London and ahead of Berlin and Frankfurt, according to EY’s European attractiveness survey, “Plan B… for Brexit”.
Moreover, Paris has climbed to fourth place in the global ranking of the most attractive cities, according to the international investors questioned in KPMG’s survey “Global Cities Investment Monitor 2016”. It stands behind London, New York and Shanghai.
Paris’s infrastructure, training quality, innovation ecosystem and quality of life are all acknowledged as comparative advantages.
Paris welcomed 141 job-creating international investments between October 2015 and September 2016, compared to 92 in Dublin and 59 in Frankfurt. In France, more than two million people are employed by foreign companies./.