Tuesday, June 22, 2021
Home Business and Real Estate IDA Ireland Announces Results for 2020 and Tánaiste Launches New IDA Strategy...

IDA Ireland Announces Results for 2020 and Tánaiste Launches New IDA Strategy For Next Four Years

IDA Ireland, the inward investment agency of the Irish Government, today reported continued investment in 2020 despite the serious disruption to business caused by the COVID-19 global pandemic.

246 new investments were won in 2020 and20,123new jobs were created. 95 investments were from new investors and 151 investments from existing companies.128 (52%)of the 246 projects won were for regional locations.

Total employment in IDA Ireland client companies in Ireland now stands at 257,394, accounting directly for 12.4% of COVID-adjusted national employment, up from 10.7% in 2019 as a result of the severe impact of the pandemic on certain domestic facing sectors and the employment growth within IDA Ireland’s client base. 

An Tánaiste& Minister for Enterprise, Trade & Employment Leo VaradkarT.D. said: Despite a year of unprecedented challenges to our economy, these results show that foreign direct investment has been remarkably resilient. We still saw a net increase in FDI jobs of nearly 9,000 in 2020. This is a testament to the attractiveness of Ireland as a destination for companies seeking to invest.

Martin Shanahan, CEO IDA Ireland said“In the context of the COVID-19 global pandemic, FDI’s performance is remarkable.  It is encouraging that Ireland has been able to secure such a significant number (246) of investments and grow employment in 2020, a year of unprecedented disruption to global business and adverse impact on global economies.”


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

India crosses landmark of more than 80 lakh doses administered in a single day

The new phase of universalization of COVID-19 vaccination commenced from today. In a landmark achievement, nearly 81 lakh (80,95,314) doses have been administered on the first...

Akshay Kumar begins ‘Raksha Bandhan’ shoot, dedicates film to sister

Superstar Akshay Kumar on Monday started filming director Aanand L Rai's upcoming feature film "Raksha Bandhan" and dedicated the movie to his sister, Alka...

International Yoga day: ITBP performs Yoga at 18,000ft icy heights of Ladakh

The Indo-Tibetan Border Police (ITBP) personnel, deployed at India-China border, performed Yoga at the icy height of 18,000 feet at the snow covered Himalayan...

We must make efforts to ensure reach of yoga in every corner of the world: PM Modi

Prime Minister Narendra Modi has said the despite the pandemic, this year’s theme for International Yoga Day –“Yoga for wellness" has raised the morale...