Press Release 07 Mar 2012


IDA Ireland today (March 7th, 2012) welcomed the key findings of an independent report and survey of Foreign Direct Investment (FDI) into Ireland, commissioned by law firm Matheson Ormsby Prentice (MOP) and carried out by the Economist Intelligence Unit.

According to the report foreign investors and multinationals will invest an estimated $7.5bn in their Irish operations over the next three years, creating 20,000 new jobs. Key sectors likely to make a contribution towards this figure were financial services and technology.

The report includes a survey of 315 senior executives across three regions, including Asia Pacific. The executives cited Ireland’s ability to provide them with access to new markets as a prime motivation for setting up here- 58pc said this was their most most important consideration.

Also important were taxation, a skilled labour pool and an appropriate legal and regulatory landscape.

Barry O’Leary, chief executive of IDA Ireland, welcoming the report today said:

"This independently researched report is a worthwhile exercise highlighting both the advantages of Ireland as an FDI location, and some of the challenges. The decision to survey executives from the fast growing Asia Pacific region in particular is welcome.

The key finding that foreign investors and multinationals expect to invest $7.5bn in their Irish operations is particularly welcome and it reflects our own contacts with IDA client companies about their future intentions.

Despite several challenging years domestically, FDI flows to Ireland remain considerable and our unique advantages as a European location remain intact.

As a result, it is gratifying to read in the report that the investment decisions of these key decision makers should lead to the creation of 20,000 new jobs.

The report clearly shows that Ireland must remain primarily a gateway to Europe, and in this way it can maintain its stock of US  investment, while also increasing flows from other fast growing investment locations’’.

The full report can be downloaded here

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