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Paris Region's economy is rich, dynamic, diversified, competitive, creative and innovative. Above all, companies setting up in the area gain access to vast local, national and European market opportunities, with 495 million consumers. Paris Region is Europe's biggest employment base with 53% of French executives living in the area. This high proportion of senior personnel is due to the exceptional density of company headquarters located in the region.
Another of the region's assets is unquestionably the diversity of its economic fabric which covers a vast spectrum of activities, from highly innovative sectors such as biotechnologies, nanotechnologies, wireless technology and 3D animation graphics to traditional industrial activities including aeronautics and the automotive sector.
These diverse economic sectors are driven by vigorous R&D activity, boosted by the creation of competitiveness clusters which have opened up new opportunities for cooperation between the public sector and private enterprise.
Paris Region is highly international with 15% of its working population (including 6,500 executives) from overseas, and it boasts as many foreign businesses as London. Paris Region is second to Tokyo as the top location for the world's largest blue-chip companies. International groups account for 542, 000 jobs (compared with 516,000 in London). Paris Region is home to 8% more headquarters of multinationals than London and 33% more than New York.
One of the best passenger and freight transport networks in the world makes Paris Region less than three hours away from the main European cities.
Paris Region benefits from a first class wireless and cable telecommunications network. It leads the field in triple and quadruple play technology (Internet, television, landline and mobile phone) and where land networks are concerned, the entire region has access to Orange's ADSL2 (France Telecom), delivering speeds of up to 20 Mb at highly competitive prices. The operators Orange, Free and Neuf are installing a fiber-optic network for extremely high-speed home access (FTTH (Fiber To The Home), up to 1 gigabyte per second). More than 5,000 Wifi hot spots (including 85 free) place Paris at the head of European cities for this type of access, which will be given a further boost by the Wimax network..
update July 8, 2010