Latest news with #IDAIreland
Irish Times
2 days ago
- Business
- Irish Times
IDA Ireland to spend ‘very significantly more' than €100m on site for FDI
IDA Ireland will spend 'significantly more' than €100 million to develop the first of three planned 'next generation sites' around the State, according to Minister for Enterprise Peter Burke . It is understood to be targeting the computer chip sector. The agency, charged with sourcing foreign direct investment for the State, plans to 'develop up to three significantly larger scale, pre-permitted developments' in regional locations, it disclosed in a five-year programme published in February. Speaking in advance of Enterprise Ireland 's Food Innovation Summit in Croke Park, on Wednesday, the Minister said the cost of acquiring the sites would be 'very significant'. 'We will be, in the next couple of weeks, bringing a very significant proposal to Cabinet for our first large scale next generation site,' he said, adding that it would be a site in the west of Ireland, capable of attracting a 'significant company of scale'. READ MORE It would, Mr Burke said, be a 'very strong competitive offering' to foreign direct investment. Asked whether the sites were being earmarked for computer chip manufacturers, the Minister said: 'The KPMG report [into the outlook for Ireland's semiconductor sector] sets out an absolute opportunity here of getting an additional workforce of over 30,000 by 2040, which would be very significant for the sector. 'Right through Covid, we saw significant blockages in manufacturing. We saw blockages in the automotive sector brought to a standstill. Why? Because of a lack of chips. Chips are so important to the digital economy. 'Obviously, the geography of Ireland is very attuned to semiconductor activity, but also need utilities and you need a very significant capacities, and infrastructure,' he said. The Government is looking at 'putting together a war chest for two more additional sites' with pathways to be 'utilities rich' in tandem with the National Development Plan Review, the Minister said. 'The cost will be very significant' given the cost of achieving utility connections with 'the way the site is structured', he said, though he declined to go into specifics on cost of the first site. Asked if it would be more than €100 million, the Minister said: 'Oh, very significantly more than that.' 'We need strategic forward planning to enhance our offer to investors,' the IDA said. 'Ireland must fundamentally reposition its offering to develop a select number of significantly larger-scale solutions in order to be competitive in attracting the next generation of very large-scale, sustainable, capital-intensive FDI.' IDA chief executive Michael Lohan said the sites would be between 500 and 1,000 acres in size but had not yet been identified.
Irish Post
5 days ago
- Business
- Irish Post
Global building engineering and consulting firm Introba opens first Ireland office
INTROBA, a global building engineering and consulting firm, has announced the opening of its new office in Dublin, marking the company's first location in Ireland. The company, which creates smart, secure, resilient and connected living systems, currently employees more than 1,000 people around the globe. With support from IDA Ireland, the new Dublin office will create 30 new roles over the next five years, many of which will focus on sustainability and climate-focused engineering services. "Introba's expansion into Dublin is a natural extension of our mission to engineer a better, more sustainable world," said David Glossop, Managing Director for the UK and Europe. "We're proud to bring our expertise to Ireland and to support ambitious national goals around the built environment and emissions reduction." Developing local talent Introba's arrival in Ireland marks a key step in the firm's European growth strategy. It also reaffirms its commitment to developing local talent and delivering engineering services that contribute to a more sustainable built environment. The Dublin team will help Ireland's transition to a low-carbon economy, aligning with national climate goals of reducing greenhouse gas emissions by 2030 and reaching net zero by 2050. Initially, the team will provide sustainability advisory, mechanical and electrical engineering services to institutional, cultural, commercial and science and technology sectors. Green innovation Minister for Enterprise, Tourism and Employment, Peter Burke, said the firm shared the government's vision of a greener Ireland. "Congratulations to Introba on the opening of their first Irish office," he said. "The office will create 30 new sustainability and climate-focused engineering jobs in Dublin over the coming period, providing great opportunities for our talented engineering graduates. "Introba's focus is very much in line with the Government's climate agenda, and we remain committed to supporting such initiatives. "I wish to welcome the team and thank them for choosing Ireland for this investment." His words were echoed by Michael Lohan, CEO of IDA Ireland, who said: "We are pleased to welcome Introba to Ireland as they open their first office in Dublin and announce plans to create 30 new jobs. "Their sustainability-driven approach aligns well with Ireland's climate objectives and IDA Ireland's new strategy. "Introba's presence in Ireland strengthens the green innovation ecosystem here and we look forward to supporting their continued growth." See More: IDA Ireland, Introba, Peter Burke
Irish Post
04-06-2025
- Business
- Irish Post
Global engineering consultancy Klohn Crippen Berger opens Irish office as part of European expansion
GLOBAL engineering consulting firm Klohn Crippen Berger (KCB) has opened an office in Ireland as part of its European expansion plans. The new site will be located in Naas, Co. Kildare and will support KCB's existing presence in Europe, serving mining clients in Ireland and around the continent. The company, headquartered in Vancouver, Canada, aims to establish a multidisciplinary consulting business in Ireland. The initial focus will be on building out its mining team with qualified professionals in geotechnical engineering, engineering geology, hydrology, hydrogeology and geochemistry. "KCB's strategic focus is increasing our geographic reach and growing our global workforce across all our key regions, delivering innovative solutions to clients in the hydropower, transportation, and mining sectors," said Ryan Douglas, KCB President & CEO. "The establishment of our Ireland office in Naas marks a significant milestone in our 75-year history and specifically for our European growth strategy. "As KCB continues to evolve with the industry, our unwavering focus on excellence, innovation, and sustainability remains central to our identity as a trusted partner to clients and an employer of choice for top talent." 'Strong endorsement' of Ireland With offices in 10 countries, KCB provides engineering, geosciences and environmental services for clients in the hydropower, mining, transportation, energy and infrastructure sectors. The employee-owned firm is renowned as a global leader in engineering, geoscience and environmental consulting. The expansion into Ireland is being supported by IDA Ireland, the Irish Government's inward investment promotion agency "IDA Ireland is pleased to welcome Klohn Crippen Berger to Ireland," said CEO Michael Lohan. "The company's decision to locate in Naas highlights the value of Ireland as a strategic location from which organisations can serve Europe and the rest of the world. "We look forward to partnering with KCB to support their future growth and development here." Peter Burke, Minister for Enterprise, Tourism & Employment, added: "This investment is another strong endorsement of Ireland's reputation as a hub for engineering excellence and innovation. "KCB's presence will not only enhance our capabilities in the engineering and environmental consultancy sectors, it will also create high-value employment opportunities for skilled professionals." See More: IDA Ireland, Kildare, Klohn Crippen Berger, Naas
Business Post
28-05-2025
- Business
- Business Post
Taiwan Trims 2025 Growth Forecast Amid Tariff Concern
Over 900 hotels and guesthouses in Ireland are eligible to join a collective legal... The head of the world's largest aircraft leasing company has called on U.S. President... The Institute of Directors (IoD) Ireland, a membership body for directors and business... New Zealand's central bank cut its benchmark rate by 25 basis points to 3.25 per... Taiwan lowered its economic growth outlook for this year, reflecting concern about... IDA Ireland sought the views of Irish-based pharmaceutical companies on the EU's... Rio Tinto's board and Jakob Stausholm agreed to part ways last week amid mounting...
Irish Post
25-05-2025
- Business
- Irish Post
Leading US fintech company FIS to create 100 jobs in Dublin
A LEADING financial technology company has announced plans to create 100 technology jobs in Dublin over the next two years. American multinational Fidelity National Information Services Inc. (FIS) said it sees Ireland as 'the ideal home for hiring quality technology talent'. The investment is being supported by the Irish Government through IDA Ireland, the state's inward investment promotion agency. Headquartered in Jacksonville, Florida, FIS provides solutions to financial institutions, businesses and developers. It serves more than 5,800 clients in 150 countries, with $50tn processed on FIS asset management technology in 2023. The company intends to build a team in the Irish capital that will centrally align, develop and manage selected new products and platforms. Roles to be hired are expected to include data scientists, product analysts, portfolio managers and software engineers, in addition to a number of management support roles. 'Location of choice' "FIS is committed to investing in the future of fintech and believes Ireland is the ideal home for hiring quality technology talent," said Bob Toohey, Chief People Officer at FIS. "With the Irish Government's partnership, we can build a world-class innovation engine that unlocks financial technology to the world across the money lifecycle — whether it's at rest, in motion, or at work. "Additionally, Ireland's position within the European Union presents a unique strategic advantage for FIS. "By building a team in Dublin, FIS will benefit from direct exposure to EU regulations and data governance models, allowing us to design globally scalable technology solutions from the ground up, all this coupled with a highly-skilled AI and data talent market." Niamh Smyth, the Minister for Trade Promotion, Artificial Intelligence and Digital Transformation, said the news once again highlighted Ireland's attractiveness as a hub for fintech companies. "Today's announcement by FIS is testament to our thriving financial services and fintech sector here," she said. "These plans speak to Ireland as a location of choice for investment in cutting-edge research and innovation as well as to the strength and expertise of the Irish financial services sector. "I congratulate FIS on this announcement." Meanwhile, Michael Lohan, CEO at IDA Ireland, said: "AI and Digitalisation have been identified by IDA Ireland as strategic drivers of economic growth and today's announcement reflects the real opportunity for companies in this area. "We very much welcome the decision by FIS to choose Ireland for this investment and we look forward to partnering with them into the future."
