Ireland’s status as investment option for multinationals ‘should remain strong’

Ireland lacks skilled workers in some sectors of the economy but the country’s status as a leading investment option for US multinationals should remain strong, according to the new head of the American Chamber of Commerce in Ireland.

Speaking yesterday at the announcement of his appointment as American Chamber president for 2013, Peter Keegan — who is also Bank of America’s country executive for Ireland — expressed confidence in Ireland’s future as a location for US investment and for multinationals already based here continuing to be a major net contributor to the country.

He added, however, that the competitiveness improvements seen in Ireland’s manufacturing and services sectors must be replicated across the public sector.