IDA Ireland, the government agency responsible for attracting inward investment, has announced ambitious targets to boost Foreign Direct Investment (FDI) in Ireland by over 40%, creating 80,000 new jobs in the economy over the next five years.
The plan, called Winning, outlines the organisation’s strategy for the period 2015 to 2019.
It says there will be a continued focus on technology, media and content, bio-pharmaceuticals, medial devices and financial services.
IDA Ireland said there would also be significant focus on manufacturing, where already over 80,000 people are employed.
North America will remain the key source market for FDI investment but Europe and Asia-Pacific will also be targeted.
“International competition for investment has never been more intense. IDA Ireland has set ambitious investment and jobs targets for the next five-years. In order to achieve these targets, a continuation of the pro-business policies that have been employed to-date is required and we need to maintain our competitiveness. To achieve the ambitious FDI regional targets in this strategy will require the support of all regional stakeholders to help develop attractive regional offerings.”
Martin Shanahan, Chief Executive, IDA
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