IDA Ireland has issued a statement that it remains “upbeat and positive” in winning significant Foreign Direct Investments (FDI) after 151 jobs at FDI were created in 2007 in Limerick.

In ‘Global Services, High Technology Manufacturing, Research, Development and Innovation (RDI)-the three pillars to our future success, the IDA outlined that 26% of FDIs were secured from new companies to Ireland.

“As Ireland continues its transition into a leading 21st century innovation-led economy, FDI will continue to play a significant role in our future growth and economic prosperity” said John Dunne, Chairman of IDA Ireland.

“The Irish economy continued its transformation in 2007. At the heart of this transformation is a belief in our ability to successfully compete with the best and a shared conviction that we can adapt, evolve and innovate in response to the increased challenges, which lie ahead,” Mr Dunne said.

He added that since the beginning of the new millennium, the manner in which IDA Ireland does its business has been evolving in line with changes in the global economic environment.

“Our focus is aligning around significantly increasing investment across three key pillars, namely global services, high technology manufacturing and Research, Development and Innovation (RDI),” Mr Dunne said.