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Global Investors Pour Money Into Ireland

Published On:  Fri, Jan 5th, 2007
Contributed By:  Runway Recruitment Ireland

Ireland is now seeking and winning high value investments, that add to our innovation and support regional development; 2006 was a very good year for these investments and we are well set for 2007” said Sean Dorgan, Chief Executive of IDA Ireland, launching the Agency’s end of year review on Tuesday.

“The quality of investments from global companies into Ireland is of the highest standard, reflecting the remarkable evolution of the business ecosystem in Ireland as international competition and Irish economic conditions have changed,” he added. “Investments in the past year, such as those by Amgen and in R&D by Cisco, GlaxoSmithKline, PepsiCo and Georgia Tech, are clear evidence of this evolution.”


In biopharmaceuticals Amgen and Eli Lilly have joined Schering Plough, Wyeth, Genzyme and Centocor in making Ireland the location of choice outside the US for development and manufacture of the newest drugs.

Ireland has also attracted several big names in the digital media, with Amazon in Cork and Dublin, and Google in Dublin growing rapidly, along with other leaders such as eBay / Paypal and Yahoo. Meanwhile, the IT sector saw new investments from Cisco, IBM, Netgear, Sandisk and Trend Micro, amongst others.

The financial services sector also continues to thrive and saw new investments from Citco , Northern Trust and Vesta.


Looking ahead to 2007, Dorgan forecast another strong year of investment growth in Ireland.

“The very strong investment achievements of 2006 combined with the ongoing collaborative national efforts to continue the transformation of Ireland into an ever more advanced knowledge economy, gives us great confidence in our ability to win exciting new investment projects in 2007,” he said.

“We have a good pipeline of potential investments and we are optimistic of winning quality new investments from new and existing clients for locations across Ireland," he concluded.

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