Terence Flanagan (Dublin North East, Renua Ireland)
Link to this: Individually | In context | Oireachtas source

16. To ask the Minister for Jobs, Enterprise and Innovation his assessment of foreign direct investment in the Dublin area in 2015; and if he will make a statement on the matter. [2018/16]

Richard Bruton (Dublin North Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

IDA-supported employment nationwide is at a record high and now stands at 187,056. In 2015, Dublin based IDA Ireland client companies employed 77,244 people across the county. This is up from 57,673 jobs in 2011, an increase of 34%.

Dublin is recognised as one of Europe’s leading business locations and has been a success in terms of attracting Foreign Direct Investment as it hosts many of the world’s leading companies such as Google and Facebook. Many of these companies announced fresh investments in Dublin in 2015 such as Sage, Vodafone and Alexion Pharmaceuticals. A new name to Ireland is Infosys who will be creating 355 jobs in Dublin. 2016 has seen an excellent start with a major investment announcement by Oracle who will be creating 450 new jobs in their new state-of-the-art offices in Dublin.

Dublin is now an internationally renowned cluster for technology and financial services companies and is also home to a number of large life sciences companies, all of whom leverage the infrastructure and utilities available in the capital to run their operations.

Dublin has both the infrastructure and skilled workforce and required to attract FDI and is in a good position to win new investments in the future, even in a fiercely competitive global market. I will be publishing the Dublin Action Plan for Jobs shortly, which will have a comprehensive set of proposals to drive both FDI and indigenous job creation and economic growth in the Dublin area over the next number of years.