Map of Ireland on digital pixelated display

Ireland’s FDI appeal is steady and growing, according to a recently published investor survey by EY.

79% of investors expected to establish and grow existing operations in Ireland. 66% expect that Ireland’s FDI appeal is set to improve even further in the next three years.

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An FDI centre 

International companies have long been flocking to Ireland to set up shop.

Some of the biggest American tech companies such as Google, Salesforce, Apple and Meta have either European or international headquarters in the Irish capital.

The country’s access to European markets, a skilled managerial workforce, infrastructure and financial incentives have all spurred the growth of FDI.

Tech, tech and more tech 

Ireland’s continued FDI boom seems to be diving headfirst into more investments in the high-tech sector. It is currently home to 16 out of 20 global tech companies.

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EY’s chief economist Dr. Loretta O’Sullivan highlights that “while geopolitical and electoral uncertainty is a headwind, businesses are undertaking digital sustainable transformation programmes and exploring AI technology.”

In 2023, Bloomberg found that 51% of investors were compelled to invest in Ireland because of their specialization in advanced technology such as AI and robotics.

Maintaining its appeal 

A business organisation has warned the government that to keep this momentum going, they must ensure that housing availability matches the business growth.

Kildare Chamber says that “low levels of residential construction had not kept up with the growing levels of employment and population in the mid-eastern region.” 

They predicted that this incongruency would harm Ireland’s competitiveness in the FDI sector.

While Ireland currently has the attention of investors, they may have to make more radical changes to their infrastructure to keep it in the future.