IDA hopeful emerging economies will make up 20% of greenfield investment

IDA IRELAND is hopeful that about 20% of all new greenfield investment here, over the next four years, will come from companies representing the so-called BRIC emerging economies of Brazil, Russia, India and China.

Addressing the Joint Oireachtas Committee on Enterprise, Trade and Employment, yesterday, an IDA delegation outlined much of the initial targets set out in its recently published Horizon 2020 blueprint for increased foreign direct investment (FDI) into Ireland for the next decade.

That document targets the creation of 105,000 direct and indirect jobs by 2014 and the attraction of 640 new FDIs into the country – of which 50% will be located outside of Dublin and Cork. It added that €1.7bn would be invested, on a yearly basis, on R&D and innovation.