Microsoft has announced plans to build a new campus in Dublin worth €134m.
The new development will be built in South County Business Park in Leopardstown. 150 jobs will be created during the two-year construction period.
The news comes as the computer software giant celebrates 30 years in Ireland, and the new campus will bring together all areas of the company - which employs about 1,200 people here - under one roof.
The company says the total amount invested over 30 years here is in around €1 billion, including "significant data centre investments" in west Dublin.
Details of the new development will be unveiled to staff at a company meeting today.
Managing Director of Microsoft Ireland, Cathriona Hallahan, said the new campus will allow for further expansion of Microsoft's workforce here.
"Dublin is now home to a number of European and global teams and groups as well as to the first Data Centre located outside the United Scales – a facility that has grown rapidly over the past 5 years," she said.
"The €134m investment in a modern home for our team underpins our long term commitment to Ireland. We are looking forward to having a great year of celebrations to mark our 30 years in Ireland and there is no better way to start the year than with this announcement."
The Taoiseach, Enda Kenny, said he was delighted with the news.
"This investment is truly significant and is a fantastic sign of Microsoft’s continued commitment to Ireland," he said.
"The Government's job is to build on the positive environment that exists for companies like Microsoft so they can continue to grow, create and secure jobs in Ireland. "