IDA IRELAND REPORTS STRONG HALF-YEAR RESULTS

IDA Ireland has reported a very strong first half of 2019 with 13,500 jobs approved – up 19% on the same time period last year. Ireland also won 140 projects in the first six months of the year, compared with 139 in the first half of 2018.

Over the course of the strategy, over 455 projects have been secured to June 2019 for the regions across Ireland. There has been an 32% uplift in regional investment to date in this strategy compared to our total outturn in our previous 5-year strategy. Technology, financial services and life sciences sectors performed particularly strongly in the first half of the year.

Martin Shanahan, IDA Ireland CEO said: “As we come to the end of our current Winning strategy, we are on course to have won record numbers of investments into Ireland. This strategy set very ambitious targets for achieving growth in the regions. Over the last four years, the whole Agency has been focused on securing investment for areas outside Dublin. We have achieved some remarkable investments in the first half of 2019. For example, Meissner committing to create 150 new jobs in Castlebar; Valeo investing 44m euro and creating an additional 50 jobs in Tuam; GrandPad setting up its European HQ in Gorey with the creation of 75 new jobs; JRI America adding 100 new roles at its Technology Centre in Tralee; Allergan creating 63 new roles in Westport and J&J Visioncare creating an additional 100 new roles at its facility in Limerick. The market for foreign investment is evolving at a rapid pace and has never been as competitive – none of IDA Ireland’s projects are easily won. I would like to take this opportunity to recognise and thank my colleagues in IDA Ireland who continue to seek out opportunities and pursue them, on Ireland’s behalf.”

Denise Maguire
Editor 
Irish Construction Industry Magazine