1 / 17

IDA Ireland welcomes Delegation from the Faroe Islands Brendan Halpin

IDA Ireland welcomes Delegation from the Faroe Islands Brendan Halpin Manager International Media 20 th September 2005. IDA Ireland. A state agency with its own board Attracts FDI to develop economy Builds relationships with inward investors Targets: - Quality of investments

joanzuniga
Télécharger la présentation

IDA Ireland welcomes Delegation from the Faroe Islands Brendan Halpin

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. IDA Ireland welcomes Delegation from the Faroe Islands Brendan Halpin Manager International Media 20th September 2005

  2. IDA Ireland • A state agency with its own board • Attracts FDI to develop economy • Builds relationships with inward investors • Targets: - • Quality of investments • Regional spread • New business areas • Employs 295 people

  3. IDA Structure Government Minister for Enterprise, Trade & Employment Science Foundation Ireland IDA Ireland Forfas Enterprise Ireland Policy Research & Advice Support for Irish-owned Board (12 Members) Science & Technology businesses (including Support for Science and Research trade & technology) Chief Executive Executive Committee Sectoral Divisions, Regions & Overseas 295 People

  4. THE IRISH ECONOMY 1990 2004 GDP €m 36,312 137,867 GDP per capita € 10,357 35,197 Merchandise exports 18b 81b Total Debt GDP 96.4% 33% Total Labour Force 1.310m 1.92m Unemployment 176,000 84,000 Unemployment 13% 4.4% Inflation 3.4% 2.2%

  5. Importance of FDI in Ireland STATUS • IDA Clients 1,054 • Total employment 129,000 • Total annual sales -€ 70bn IMPACT • > 80% of Manufactured exports • > 25% of gross domestic product • Technology and management skills • Global orientation

  6. Key Sectors • Information Technology • Pharmaceuticals • Medical Technologies • International and Financial Services

  7. Information Technology • Europe’s leading Information Technology location • Over 300 companies exporting €28 billion • Intel building their most advanced wafer fabrication costing €2 billion • Google, eBay, Overture, Bell Labs

  8. The Pharmaceutical Industry in Ireland • No. 1 location in Europe for international pharmaceutical investment • 13 of the World’s top 15 companies • 83 Companies employing 17,000 people • World’s largest biopharma plant (Wyeth) • Exports of €34 billion • Blockbuster products • Lipitor, Viagra, Botox , Zyprexa, Zocor

  9. Medical Devices • Europe’s leading location for the medical device industry • 80 companies exporting over €3bn • Employing 18,000 people • 13 of the World’s top 20 companies present in Ireland • Integrated manufacturing, R&D, customer support and value added services

  10. International Services Strong clusters built • Software Development • Shared Services • Financial Services • Customer Support Centres

  11. Financial Services Established in l987 to avail of world-wide expansion of financial services • 450 stand alone IFSC operations approved • a further 700 entities under out-sourced management • Over 12,000 people are directly employed in the IFSC sector

  12. Success in the 90’s WHY? • US boom, IT growth, EU Single Market • People, skills, costs • Corporate tax • Public policy e.g. Education • Performance of Irish managers • Flexibility, agility, creativity

  13. Success in the Future “Ireland a Knowledge Economy” Re-enforcing Ireland’s claim to be a knowledge economy are three key pillars: • A Quality Education System • Innovation Systems that bring together researchers and businesses in commercial applications of science and technology. • An Economic & Institutional Framework that ensures a stable macroeconomic environment, competition, flexible labour markets and adequate social protection.

  14. Strategy for Multinational Investment Continue Core Activity • Grow existing base • Attract new FDI • Create clusters • New business areas

  15. IDA’s Marketing Process • Identify and access target companies • Build relationships and understand needs • Match our offering to their needs • Provide ‘one stop shop’ service • Deliver offering and perform to promises • Provide top quality aftercare • Continue and deepen relationships

  16. Thank YouFor futher information see our web site www.idaireland.com

  17. Corporate Tax • 12.5% rate for all corporate trading profits • Consistent Policy • Agreed with EU

More Related