Presentation to the Dublin Regional
Authority
“Dublin - Building on success in the knowledge
economy”
Mary Buckley
Manager, Regional Development
& Property Division
Format
• Highlights of FDI in Ireland
• FDI in the Dublin Region
• FDI Competitive Changes
• Strategy for the Dublin Region
• Challenges for the Future
• Vision for Ireland
Highlights of FDI in Ireland
• 1,054 companies employing 129,000 people
• Top pharmaceutical companies
• Exports of €72 billion and Irish economy expenditure of over €18bn
• World’s largest exporter of software
• New digital businesses e.g. Google, eBay
• Some of most advanced technology in the world e.g. Intel, Wyeth and
many more
• Ireland – the most globalised economy” “(AT Kearney / Foreign Policy
magazine)
-
Dublin
Ireland’s only Global Centre
Global in Scale:
1.4 million people
Global in nature of commercial/
business/social activities
FDI Progress in Dublin Region
• 455 IDA client
companies in Dublin
employing almost
46,500 people
• Dublin is winning
investments at the high
end of the quality
spectrum
Recent new Arrivals
Customer Support
Centre
European
Operations Centre
European Systems &
Network Centre
European Headquarters
Customer Support, Shared
Services & Datacentre
FDI Competitive Challenges
• Fast paced globally networked
economy
• Significant growth in global
location options for investors
• Mobile manufacturing
investments into Europe are
declining
• Services investments of growing
importance
• Irish costs and expectations have
changed
Dublin faces stiff competition for FDI
Singapore: Population 4.2 million
•
2nd place in World Competitiveness
Yearbook, 2003 - International Institute
for Management Development (IMD)
•
Fourth largest foreign exchange
trading centre in the world, and a
growing Asia-Pacific centre for wealth
management
•
High-quality
logistics
services
bolstered by the presence of the
world’s busiest port with 400 shipping
lines to 700 ports worldwide
•
R&D spending in the city-state has
increased and is now 2.2% of GDP
•
There are 90 research scientist and
engineers per 1000 people.
Dublin faces stiff competition for FDI
Amsterdam:
Population 1,450,000
•
Banking, distribution, financial
services, information technology
•
Amsterdam Airport Schiphol is the
fourth largest passenger and cargo
airport in Europe, serving more
than 39 million passengers in 2004.
•
Boeing, Cisco Systems, Dell
Computers,
Eaton,
Hewlett
Packard, IDEXX Laboratories, Intel,
Mattel,
Ofoto,
PeopleSoft
International, Seagate Technology
FDI Competitive Challenges
IDA’s Response to change in the FDI marketplace:
• Win new ‘greenfield’ investment. Ireland is competing for more
complex, higher value, knowledge-based activities in both
manufacturing and services
• Upgrade and deepen the existing base of companies by winning
additional functions or greater competencies e.g. R&D, sales
and marketing and supply chain management
FDI Competitve Challenges
IDA’s response to change in the FDI marketplace:
• Property development and infrastructure
• Education, skills & research initiatives to strengthen companies
• Networking, partnerships and cluster initiatives
IFSC
• Established in 1987
• 450 companies in Dublin Centre
• Over 12,000 people are directly
employed
• Companies pay €800 million in
corporate tax to Irish
Government
Ireland’s Market Share of FDI 2001/2003
Share
Top Location
Software
28%
Ireland
Shared Services Centres
61%
Ireland
Pharma & Med Tech*
63%
Ireland
9%
C. Europe 55%
21%
UK 33%
9%
UK 25%
ICT *
Contact Centres
R&D projects
* Manufacturing
Source: Buck Consultants (BCI), 2004
What Today’s Investor Seeks
•
Human Resources
•
World Class Infrastructure:
– access, energy, telecoms
– environment and waste
– property solutions
– business services
– attractive lifestyle and amenities
– clusters of similar and supporting business
•
The Right Attitude
Strategy for the Dublin Region
IDA’s approach to promoting and
developing the Dublin region:
•
Influencing and Partnership
role,
ensuring
the
local
environment is right for FDI
•
Promoting the Dublin region as
the location of choice for
overseas companies
•
Researching and attracting
new areas of business to build
on the region’s capabilities
Strategy for the Dublin Region
Research and Innovation
•
Build academic research capability
•
Substantially grow MNC R&D
•
Develop “connectedness” between the two
•
Working in partnership with SFI, HEA, FAS and 3rd level colleges
to bring business partners to CSET’s, research clusters and
groups
•
Working with MNC’s to bring academic groups together to develop
industry focused research initiatives
The NSS and the NDP

NSS is a 20 year strategy which
along with other regions plans to
enhance the competitiveness of
the Dublin area, so that it can
continue to perform at the
international level as a driver of
National Development (NSS 2002
–2020)
•
Dublin must prioritise infrastructure and act cohesively in
its delivery
•
Much NDP investment is catch-up
e.g. national roads network,
broadband, public transport
•
Key issue going forward –
shaping investment post NDP
2006 that delivers benefits for
Dublin
Challenges
•
Companies will select those
locations that enable their
business to succeed in
international markets
•
Education and retraining to
enable people to work and
participate in the knowledge
economy is important to the
future prosperity of Dublin
•
Academic and business
collaboration for innovation
and research is critical
A Vision for Ireland
To be a world-leading society as reflected by:
• A knowledge-based economy with world class
infrastructure and services
• At the forefront of technological innovation
• In top three competitive economies in world
• People committed to lifetime learning
• Socially inclusive and cohesive nation
• The highest environmental standards
THANK YOU