IDA investment pipeline for 2024 'remains strong' despite challenges

Some 19,000 new jobs expected over the coming years

Michael Lohan, chief executive of IDA Ireland, said Ireland will continue focus on research as well as strengthening its global supply chain presence in order to ensure future growth. 

IDA Ireland’s pipeline for foreign direct investment (FDI) is in a “reasonably strong” position going into next year despite a slowdown in the economy and the first net loss of jobs in the sector since 2009.

According to the IDA’s annual results for 2023, for the year ending in October, the agency won a total of 248 new investments — an increase of 2.5% on 2022 — which it said will create an additional 19,000 jobs in the coming years.