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September 6, 2017

Ubisoft to Invest $780 Million in Québec over the Next 10 Years

The French multinational has announced plans to invest $780 million, hire 1,000 people and open two studios in Québec over the next 10 years. This is the company’s most ambitious growth plan since it arrived in the province in 1997.


From left to right: Jean Tremblay, Carlos Leitao, Philippe Couillard, Yves Guillemot, Yannis Mallat and Jimmy Boulianne


“We are proud to have played a part in Québec’s emergence as a global hub of video game production,” said Yves Guillemot, Co-founder and CEO of Ubisoft. “Over 20 years, Ubisoft has created 3,600 jobs and invested more than $3.5 billion in Québec, developing some of the greatest brands in the industry.”


That expansion plan, named Horizon 2027, calls for a new studio to be opened in Saguenay at the beginning of 2018. Ubisoft will invest $135 million in the studio, which is expected to employ 125 people within five years. Ubisoft Saguenay will focus on developing expertise in online games, one of the video game industry’s top growth and innovation vectors.


Home to Ubisoft’s first studio in the Americas, Montréal will benefit from investments totalling over $500 million and see the company take on 675 new hires by 2027. Now the largest video game development studio in the world, Ubisoft Montréal has created several successful franchises, including Assassin’s Creed, Far Cry and Tom Clancy’s.


The Québec City studio is also slated for substantial growth, with $140 million in new investments and plans to add another 200 recruits to the facility’s 450-strong workforce by 2027. Plans also call for the opening of a fourth studio in a location that has not yet been determined.


Finally, Ubisoft will spend $13 million on succession planning, applied research and entrepreneurship by 2020. The Horizon 2027 project is supported by the Tax Credit for the Production of Multimedia Titles provided by the Québec government and administered by Investissement Québec.


See the company’s press release Open a new window