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Why Ireland for FDI
AGN World Conference
Barry O’Dowd,
Head of Emerging Business & New Forms of Investment,
IDA Ireland
Information & Communication
Technologies
Life Sciences & Food
Engineering, Industrial &
Clean Industries
Content Industry, Consumer
& Business Services
International Financial
Services
IDA Ireland Business Focus
IDA Ireland - Structure & Role
Government
Department of Enterprise, Jobs & Innovation
IDA Board
Overseas Offices
Sector Divisions
Regional Offices
Irish Government Agency with a
mandate to secure Foreign Direct
Investment into Ireland.
An autonomous body with its
own Board of 12 appointed
members plus IDA CEO.
Targeting long-term, sustainable
investments from leading
corporate investors.
Strong activity in first half 2016
110 FDI investment projects creating 9,000
jobs; 10% up on H1 2015.
100+ High Growth Companies have chosen Ireland
“Ireland offers us fantastic access to multiple language capabilities from a tech savvy and
educated population…”
(Jeremy Stoppelman, Co-Founder and CEO, Yelp, June 2014)
April 2016 $400m 400 jobs New biologics manufacturing campus in Piercetown, County Meath
March 2016 $85m N/A Construction of purification and sterile filling plant in Dublin (Albumin purification)
May 2015 $580m 200 jobs Construction of company’s first Bio Manufacturing facility outside the US in Dublin (Solaris)
Nov 2014 $900m 350-400 jobs New large-scale biologics manufacturing facility in Dublin –Immunotherapy antibodies
Apr 2014 $100m 200 jobs Global supply chain, quality fill finish and packaging in Dublin and Athlone (Solaris)
Feb 2014 $60m 50 jobs Sterile fill finish manufacturing & development site in Roscommon
Aug 2013Oct 2015
$300m$290m
300 jobs200 jobs
New biotech drug substance facility announced for Limerick. Expansion of drug substance biotech facilities
Feb 2013 $55m Employs >500 Investment in Biotech fill finish campus in Waterford(Lantus)
Apr 2012 $420m 200 jobs New Biotech bulk facility in Cork
Apr 2012 $200m 300+ jobs Investment in biologics fill finish in Dublin
Apr 2012 $500m 700+ jobs Investment in two strategic sites respiratory and sterile fill finish in Dublin and Galway
Jan 2012 $350m 200 jobs Investment in biologics fill finish manufacturing & development in Mayo (Botox)
$4bn Recent Biotech Investment Wins
Impact of Foreign Direct Investment
Ireland continues to be the fastest growing economy in Europe.
Source: DJEI ABSEI 2015and Employment Survey 2015
Exports grew 14% in 2015 - €129bn in est. exports
Growing supply base - €13.9bn of purchases from
Irish suppliers
Corporation tax revenues for 2015 were 10% higher
than 2014
IDA client employment reached 187,056* in 2015 –
highest in IDA history-€9bn payroll
9 of the top 10 global software companies &
global pharmaceutical corporations
10 of the top 10 “born on the internet”
companies
More than 50% of the world’s leading financial
services firms
15 of the top 20 global medical technology
7 of the top 10 industrial automation companies
Consumer &
OnlineTechnology Financial Services Life Sciences
Engineering &
Industrial