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Foreign investors to create 20k jobs

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Foreign investors and multinationals estimate they will invest €5.7bn in their Irish operations over the next three years, creating 20,000 jobs, according to a survey.

The report, ‘Investing in Ireland — A survey of foreign direct investors’, was commissioned by the law firm Matheson Ormsby Prentice and carried out by the Economist Intelligence Unit.

It found that half of these jobs would be in the financial services sector and a quarter in technology.

Managing partner at Matheson Ormsby Prentice, Liam Quirke, said the survey’s findings were clearly god news. "The job creation estimates clearly show that foreign investors have a very positive attitude to Ireland.

"This survey is about understanding the needs of international business when making investment decisions, and how Ireland can better compete for such investments.

"It is important that policymakers think about Ireland as an actual business, with actual customers, and make the needs of these customers a priority," he said.

The Economist Intelligence Unit surveyed 315 senior executives in international companies and financial institutions across the globe. 

By Vincent Ryan
Wednesday, March 07, 2012

This appeared in the printed version of the Irish Examiner Wednesday, March 07, 2012