Foreign Investment in Ireland Declines in First Half of 2024
The latest mid-year results from IDA Ireland show a decrease in foreign investments into Ireland compared to the same period last year. Despite this, the agency remains optimistic about Ireland’s value as a location for FDI. In the first six months of 2024, 131 investments were secured, leading to the creation of 8,900 new jobs.
Key investments include 800 new jobs at IBM, a $400m investment by Bristol Myers Squibb, and the establishment of a new Research and Development Centre by Motorola Solutions in Cork. These developments underscore Ireland’s appeal as a stable and attractive destination for global investment.
Minister for Enterprise Peter Burke emphasized the importance of policies that support skill development, infrastructure, and innovation to attract future FDI. IDA Ireland acknowledges the need to stay competitive in the evolving global FDI landscape and is committed to collaborating with stakeholders to ensure continued investment and growth.
Despite challenges, Ireland’s reputation as a hub for FDI remains strong, and efforts are ongoing to maintain this momentum.