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Presentation to the Dublin Regional Authority Mary Buckley Manager, Regional Development & Property Division “Dublin - Building on success in the knowledge.

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Presentation on theme: "Presentation to the Dublin Regional Authority Mary Buckley Manager, Regional Development & Property Division “Dublin - Building on success in the knowledge."— Presentation transcript:

1 Presentation to the Dublin Regional Authority Mary Buckley Manager, Regional Development & Property Division “Dublin - Building on success in the knowledge economy”

2 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

3 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) -

4 Dublin Ireland’s only Global Centre Global in Scale:1.4 million people Global in nature of commercial/ business/social activities

5 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

6 Recent new Arrivals Customer Support, Shared Services & Datacentre European Operations Centre Customer Support Centre European Systems & Network Centre European Headquarters

7 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

8 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 FDI

9 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 Dublin faces stiff competition for FDI

10 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

11 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

12 Established in 1987 450 companies in Dublin Centre Over 12,000 people are directly employed Companies pay €800 million in corporate tax to Irish Government IFSC

13 Ireland’s Market Share of FDI 2001/2003 ShareTop Location Software28%Ireland Shared Services Centres61%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

14 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

15 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 Strategy for the Dublin Region

16 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 Strategy for the Dublin Region

17 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

18 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 Challenges

19 A Vision for Ireland To be a world-leading society as reflected by: A knowledge-based economy with world class infrastructure 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

20 THANK YOU


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