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24/05/2006
Ireland 'Punches Above Weight' In Attracting Investors
“Ireland continues to punch above its weight when it comes to attracting foreign direct investment”, Minister for Enterprise, Trade and Employment, Micheál Martin has said in response to the recent publication of the IDA Annual Report for 2005.
Minister Martin said: “The results for 2005 are very encouraging and clearly indicate that Ireland remains an important location for investors and for expansion by many businesses already located here who have developed beyond their original mandate to become key players in their company’s global chain.”
“I am particularly pleased at the quality of these investments and their regional spread. I am also very encouraged to see that of the €1.035 billion invested in 121 projects, €275 million of this has been invested in 50 R&D projects. The calibre and quality of the jobs being created is also critical with over half of all jobs created requiring third level qualifications and almost 40% of all new jobs in IDA-backed projects now earning in excess of €37,000 per annum,” the Minister added.
“We must continue to position ourselves as a knowledge-based, technologically sophisticated economy, trading globally,” he concluded.
(SP)
Minister Martin said: “The results for 2005 are very encouraging and clearly indicate that Ireland remains an important location for investors and for expansion by many businesses already located here who have developed beyond their original mandate to become key players in their company’s global chain.”
“I am particularly pleased at the quality of these investments and their regional spread. I am also very encouraged to see that of the €1.035 billion invested in 121 projects, €275 million of this has been invested in 50 R&D projects. The calibre and quality of the jobs being created is also critical with over half of all jobs created requiring third level qualifications and almost 40% of all new jobs in IDA-backed projects now earning in excess of €37,000 per annum,” the Minister added.
“We must continue to position ourselves as a knowledge-based, technologically sophisticated economy, trading globally,” he concluded.
(SP)
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