Prologis’ CEO Hamid Moghadam and President Dan Letter recently met with French president Emmanuel Macron and several cabinet members to discuss the firm’s plans for a €6.4 billion ($7.3 billion) investment in the country throughout the next 10 years.
The investment, focused on expanding logistics and digital infrastructure, will expand Prologis’ footprint in core markets, support the development of new data centers and create about 9,000 direct and indirect jobs.
“From the ports of Le Havre and Marseille to the boutiques of Paris, we’re investing long-term in the infrastructure that moves goods and data across Europe,” the firm said in a LinkedIn post.
France has played a key part in Prologis’ strategy for more than 20 years.
