Shannon ‘will get Chinese FDI’

The chief executive of Shannon Development said yesterday he has “no doubt that Chinese investment will come” to the Shannon Free Zone and Ireland based on the agency’s special relationship with China.

Dr Vincent Cunnane said the prospect of Chinese foreign direct investment into the free zone and Ireland “has moved from a possibility to a probability” following the recent Irish visit of Chinese vice premier, Xi Jinping.

Dr Cunnane said: “We need to turn that shared heritage into economic benefit for this region; jobs in the free zone, Chinese investment in the free zone. I’m talking a major Chinese trade centre in the free zone.”