eileen sharpe ida ireland - asia business week dublin
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“The Importance of Asia to Ireland’s FDI Agenda” Eileen Sharpe, Director of Growth Markets, IDA Ireland speaking at the Asia Ireland Trade & Investment SummitTRANSCRIPT
ASIA BUSINESS WEEK DUBLINAsia Ireland Trade and Investment Summit
5 June 2014
The Importance of Asia to Ireland’s FDI agenda
Eileen Sharpe,
Director of Growth Markets, IDA Ireland
The Importance of Asia to Ireland’s FDI agenda
Eileen Sharpe June 4 2014
Agenda
3
IDA Ireland – role and business focus;
Economic impact of FDI;
Asian FDI underlying drivers;
Existing companies impact
IDA Ireland
Role:• To attract foreign direct investment
(FDI)
• To create valuable and sustainable employment in Ireland
• To offer a full suite of practical and financial supports to multinational companies
• To build on our existing base of 1,000+ clients who today employ c. 160,000 people in Ireland
Prime Minister
Minister for Jobs, Enterprise & Innovation
IDA Board
273 staff globally
Overseas Offices Regional Offices
Sectoral Divisions
IDA Business Focus
Information Communication
Technology
Life Sciences
Engineering, Industrial & Clean
Industries
Content Industry, Consumer & Business
Services
Global Business Services
High Value Manufacturing
Research, Development &
Innovation
International Financial Services
Current Impact of FDI
IDA Portfolio Companies: 515 from the US
166,000 / 280,000 Impact
1,050
Two thirds Business Expenditure on R&D
€8 billion€121
€21 billion
IDA focus across industry segments
Leading MNCs
2nd Tier
High Growth Companies
FDI sources and destination
IDA Ireland Overseas Offices
Asian Investment - Underlying Drivers
Track RecordNatural Resources
Market accessAsian Diaspora
TechnologyBrand acquisition
Familiarity & ease of doing business
China negotiated contract to rent 5% of Ukraine201
3
Sectors that China Invests In
No. 1 Sector for Investment: Energy & Power Almost 50% of the money invested overseas by China and Chinese companies in the past nine years went into the energy and power sector.
China's demand for energy is expected to triple by 2030 so countries with abundant natural resources will continue to attract the most money from China.
Sectors that China Invests In
China Ocean Shipping continues operating Greek port of Piraeus
2009 - 2044
Piraeus services over 20 million passengers per annum
Sectors that China Invests In
14
Japanese companies in Ireland include
15
Chinese companies in Ireland include
16
Indian and Korean companies in Ireland include
Australian Companies in Ireland-Employing almost 1,000 people
17
"The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.”
Warren Buffett
To learn more log on to idaireland.com+353 1 603 [email protected]