Business Overview
Paris is the foremost center of all economic activities in France and hopes
to be the number one financial market on the continent. With its GDP
reaching billions of Euros, Paris is also sometimes considered an engine of
the global economy. Whether large French firms or multinational plants, all
like to keep their headquarters in the city as it is conveniently close to
major banks and key ministries. Though it is not a much dominant industrial
center due to which the natural beauty of the city is still bright.
The world capital of haute couture (fashion) and luxe, Paris hosts many
international organizations (like UNESCO & ICC) and trade fairs.
Regarded as one of the 4 major global cities, the city is crawling with
world class venues with excellent infrastructure and facilities. From the
long list of its fairs and shows, some are Europlast Paris, LE CUIR A PARIS
and Maison & Objet.
Despite of rapidly creeping privatization, the State continues to play a
significant role in citys economy. However, in recent decades the
economy is shifting towards high value-added service industries (finance, IT
services, etc.) and high-tech manufacturing (electronics, optics, aerospace,
etc.), while transportation and telecommunications are also rapidly growing
sectors. Therefore, Paris is an important choice in the world for direct
investment, foreign companies and services.
In manufacturing sector, the largest employers have been the electronic and
electrical industry together with publishing and printing industry, while
tourism related services also employ substantial part of the total workforce
of Paris.
Major Business Centers
Palais des Congres:
Created by the Paris Chamber of Commerce and Industry in 1974, Palais des
Congres plays an important role in the economic life and cultural
development of Paris with its exemplary setting for exceptional events.
Conveniently connected to the entire highway system, the center has been
the preferred partner for various large-scale events from more than 30
years, including international conferences, trade shows and exhibitions,
conventions, launches or meetings of any other type.
Paris-Nord Villepinte Exhibition Center:
Housing around thousand private events every year like congresses,
conferences, business conventions, gala evenings, shows and sporting events,
Paris-Nord Villepinte certainly is the place for events.
In its 115 hectares of area, the venue incorporates 2 auditoriums, 40
meeting rooms and several exhibition halls. The center provides versatile
amenities bringing together in one and the same area, conference-debates,
exchange meetings, discussion groups and exhibition villages. The flexible
structures provide tailor-made solutions for your events.
Major Commercial Hubs
La Defense:
La Defense is the major business district for of Paris bordering
Neuilly-sur-Seine. This modern high-rise and office-tower district is the
largest purpose built commercial region in Europe hosting head offices of
almost half of the major French companies as well as the headquarters of ten
of the world's 100 largest companies.
The district holds many of the Paris urban area's tallest high-rises and
landmarks like Skyscrapers in all shapes and forms and the Grand Arc, a
high-rise beautifully constructed monument.
Furthermore, there is a nearby shopping center for shopping addicts, which
when constructed was the largest shopping center in France.
Champs-Elysees:
It is a broad avenue in Paris whose full name is Avenue des Champs-Elysees.
Called as the most beautiful avenue in the world, Champs-Elysees is studded
with cinemas, cafes and luxury specialty shops.
It is the third most expensive strip of real estate in the world emerged
recently as a primarily business district.
The district also houses the Paris Stock Market (the Bourse) and the
Bibliotheque Nationale (National Library).