Created in 1995 as a joint initiative by the French government and regional authorities, Euroméditerranée is a project in the national interest which aims to make Marseilles one of Europe’s leading cities. Euroméditerranée is not only a driver for economic, social and cultural development; it is also serves as a catalyst to make Marseilles a more attractive and influential city. At 480 hectares, Euroméditerranée is considered to be the biggest urban renewal project in Europe.

It was initiated by the French government, the Marseilles municipal authorities, the Urban Community of Marseille Provence Métropole, the Provence-Alpes-Côtes d’Azur regional authorities and the general council of the Bouches-du-Rhône department. Euroméditerranée consults with residents and works with financial backers, public partners and economic actors on all its operations. It receives a budget from all the authorities mentioned above, enabling it to carry out research, buy l and, undertake construction work and conduct promotional and marketing activities. This public investment is used to make the changes required to attract private money. Euroméditerranée is also supported by the European Union through the European Regional Development Fund.