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Presentation to the Dublin Regional Authority. “Dublin - Building on success in the knowledge economy”. Mary Buckley Manager, Regional Development & Property Division. Format. Highlights of FDI in Ireland FDI in the Dublin Region FDI Competitive Changes Strategy for the Dublin Region

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slide1

Presentation to the Dublin Regional Authority

“Dublin - Building on success in the knowledge economy”

Mary Buckley

Manager, Regional Development & Property Division

format
Format
  • Highlights of FDI in Ireland
  • FDI in the Dublin Region
  • FDI Competitive Changes
  • Strategy for the Dublin Region
  • Challenges for the Future
  • Vision for Ireland
slide3

Highlights of FDI in Ireland

  • 1,054 companies employing 129,000 people
  • Top pharmaceutical companies
  • Exports of €72 billion and Irish economy expenditure of over €18bn
  • World’s largest exporter of software
  • New digital businesses e.g. Google, eBay
  • Some of most advanced technology in the world e.g. Intel, Wyeth and many more
  • Ireland – the most globalised economy” “(AT Kearney / Foreign Policy magazine) -
dublin

Ireland’s only Global Centre

Global in Scale: 1.4 million people

Global in nature of commercial/

business/social activities

Dublin
fdi progress in dublin region
455 IDA client companies in Dublin employing almost 46,500 people

Dublin is winning investments at the high end of the quality spectrum

FDI Progress in Dublin Region
slide6

European

Operations Centre

Customer Support Centre

Customer Support, Shared Services & Datacentre

Recent new Arrivals

European Systems & Network Centre

European Headquarters

fdi competitive challenges
FDI Competitive Challenges
  • Fast paced globally networked economy
  • Significant growth in global location options for investors
  • Mobile manufacturing investments into Europe are declining
  • Services investments of growing importance
  • Irish costs and expectations have changed
dublin faces stiff competition for fdi
Dublin faces stiff competition for FDI

Singapore: Population 4.2 million

  • 2nd place in World Competitiveness Yearbook, 2003 - International Institute for Management Development (IMD)
  • Fourth largest foreign exchange trading centre in the world, and a growing Asia-Pacific centre for wealth management
  • High-quality logistics services bolstered by the presence of the world’s busiest port with 400 shipping lines to 700 ports worldwide
  • R&D spending in the city-state has increased and is now 2.2% of GDP
  • There are 90 research scientist and engineers per 1000 people.
dublin faces stiff competition for fdi1
Dublin faces stiff competition for FDI

Amsterdam: Population 1,450,000

  • Banking, distribution, financial services, information technology
  • Amsterdam Airport Schiphol is the fourth largest passenger and cargo airport in Europe, serving more than 39 million passengers in 2004.
  • Boeing, Cisco Systems, Dell Computers, Eaton, Hewlett Packard, IDEXX Laboratories, Intel, Mattel, Ofoto, PeopleSoft International, Seagate Technology
fdi competitive challenges1
FDI Competitive Challenges

IDA’s Response to change in the FDI marketplace:

  • Win new ‘greenfield’ investment. Ireland is competing for more complex, higher value, knowledge-based activities in both manufacturing and services
  • Upgrade and deepen the existing base of companies by winning additional functions or greater competencies e.g. R&D, sales and marketing and supply chain management
fdi competitve challenges
FDI Competitve Challenges

IDA’s response to change in the FDI marketplace:

  • Property development and infrastructure
  • Education, skills & research initiatives to strengthen companies
  • Networking, partnerships and cluster initiatives
slide12

IFSC

  • Established in 1987
  • 450 companiesin Dublin Centre
  • Over 12,000 people are directly employed
  • Companies pay €800 million in corporate tax to Irish Government
ireland s market share of fdi 2001 2003
Ireland’s Market Share of FDI 2001/2003

ShareTop Location

Software28% Ireland

Shared Services Centres 61% Ireland

Pharma & Med Tech* 63% Ireland

ICT *9% C. Europe 55%

Contact Centres21% UK 33%

R&D projects9% UK 25%

* Manufacturing

Source: Buck Consultants (BCI), 2004

what today s investor seeks
What Today’s Investor Seeks
  • Human Resources
  • World Class Infrastructure:
    • access, energy, telecoms
    • environment and waste
    • property solutions
    • business services
    • attractive lifestyle and amenities
    • clusters of similar and supporting business
  • The Right Attitude
strategy for the dublin region
Strategy for the Dublin Region

IDA’s approach to promoting and

developing the Dublin region:

  • Influencing and Partnership role, ensuring the local environment is right for FDI
  • Promoting the Dublin region as the location of choice for overseas companies
  • Researching and attracting new areas of business to build on the region’s capabilities
slide16

Strategy for the Dublin Region

Research and Innovation

  • Build academic research capability
  • Substantially grow MNC R&D
  • Develop “connectedness” between the two
  • Working in partnership with SFI, HEA, FAS and 3rd level colleges to bring business partners to CSET’s, research clusters and groups
  • Working with MNC’s to bring academic groups together to develop industry focused research initiatives
the nss and the ndp
The NSS and the NDP
  • NSS is a 20 year strategy which along with other regions plans to enhance the competitiveness of the Dublin area, so that it can continue to perform at the international level as a driver of National Development (NSS 2002 –2020)
  • Dublin must prioritise infra-structure and act cohesively in its delivery
  • Much NDP investment is catch-up e.g. national roads network, broadband, public transport
  • Key issue going forward – shaping investment post NDP 2006 that delivers benefits for Dublin
challenges
Challenges
  • Companies will select those locations that enable their business to succeed in international markets
  • Education and retraining to enable people to work and participate in the knowledge economy is important to the future prosperity of Dublin
  • Academic and business collaboration for innovation and research is critical
slide19

A Vision for Ireland

To be a world-leading society as reflected by:

  • A knowledge-based economy with world classinfrastructure and services
  • At the forefront of technological innovation
  • In top three competitive economies in world
  • People committed to lifetime learning
  • Socially inclusive and cohesive nation
  • The highest environmental standards