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IDA Ireland plans to deliver 75,000 new jobs over next five years

IDA Ireland chairman Feargal O'Rourke said the organisation was facing into 2025 from a 'position of strength'
IDA Ireland chairman Feargal O'Rourke said the organisation was facing into 2025 from a 'position of strength'

The chairman of IDA Ireland has said the current environment is the "most tumultuous" it has ever faced.

Feargal O'Rourke said that Europe stood by Ireland during Brexit and he hoped the same would happen in the face of the threat of tariffs by the Trump administration.

Mr O'Rourke made the comments as IDA Ireland announced its strategy for the next five years which it hopes will result in 75,000 jobs and the upskilling of 40,000 workers.

He said the organisation was facing into 2025 from a "position of strength".

The Minister for Enterprise Peter Burke said the Government will use St Patrick's Day to emphasise trade links between the US and Ireland with the Trump administration.

Under its strategy, the IDA is prioritising renewing and retaining the 1,800 companies it supports here against the backdrop of "geopolitical uncertainty" and "increased competition for jobs."

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The IDA said it plans to secure 1,000 investments to deliver €250 billion to the Irish economy and "further embed" multinationals which already have operations here.

The organisation says it plans to secure 550 investments in the regions.

It also hopes to reduce the carbon footprint of IDA client companies by 35%.

The IDA said it has noticed an increase in competition for job projects from the Middle East which has seen some countries offer significant sums to win investments.