IDA cautious despite four expected investments

IDA Ireland expects to unveil at least another four significant inward investment announcements before the end of the year — mainly in the technology sector — but has said it remains only “cautiously optimistic” regarding the second half of 2013.

Speaking at yesterday’s announcement of a strong inward investment showing for the first half of the year, IDA chief Barry O’Leary said it was difficult to say whether or not 2013 is likely to repeat the record net job creation levels — amongst client companies — seen in each of the last two years.

Increasing competition for multinational investment from other countries, low levels of available office space in Ireland’s major cities and slow growth in the eurozone economy all pose challenges, he said.