This significant investment by IDA Ireland in the South West Region aims to future-proof the property offering in attracting Foreign Direct Investment (FDI) to the region and to Kerry in particular.
IDA Ireland is also proposing to identify a site within the land bank to accommodate the construction of an Advance Building Solution as announced as part of the IDA Strategy Driving Recovery & Sustainable Growth 2021 – 2024.
CEO of IDA Ireland, Martin Shanahan made the announcement at the agency’s Mid-Year Results press conference this morning, which reported the highest ever half-year investment growth in 2022, returning FDI employment creation plans to above pre-pandemic 2019 record levels, despite a continuing challenging global environment.
The CEO said: “Since January last, 155 investments were won by IDA Ireland, with associated employment potential of over 18,000 jobs. 73 of the 155 investments won went to regional locations. Now, more than ever, the timely provision of appropriate, innovative and cost-effective property and infrastructure solutions to meet the needs of MNCs is key to winning Foreign Direct Investment (FDI). IDA Ireland plans to acquire this landbank in Tralee Co. Kerry to enable IDA to continue to target the capital-intensive projects of significant scale to regional locations.”