Dublin is most definitely a tech hub. And its reputation is well-deserved since efforts have been made to attract leading tech companies for decades. Way back in November 1956, IBM was the first American tech company to set up an Irish subsidiary in Dublin. (It still has a large presence here today.) The following year, Swedish multinational Ericsson invested in facilities here too. Then, in the decades that followed, big names like Hewlett Packard, Dell, Microsoft and SAP followed suit. Today, the industry employs over 37,000 people throughout Ireland and generates €3
While Dublin’s art and recreation sector doesn’t draw much FDI itself, it is a key aspect of what makes the city so appealing to investors.
Dublin has long been famed for its rich culture, vibrant arts scene and never-ending choice of enjoyable events. From world-class museums and galleries, through to original festivals, markets and a bustling sports scene, it offers something for everyone to enjoy.
While many FDI companies and startups choose Dublin for its business-friendly environment, EU membership and favourable tax regime, its reputation as a lively and diverse city helps attract investment too. Businesses of every kind want to set up shop in a place where staff want to live long-term. Dublin offers just this and it’s a major draw for investment.
Prior to the Covid-19 pandemic, growth in the arts and recreation sector was above the EU average – particularly in the area of sports and recreation. While it was hit hard by long-term lockdowns, the good news is that state support should help reignite the scene once again. In fact, the Arts Council has received its biggest ever grant to ensure key cultural organisations remain robust.
Other funding to support initiatives in the arts is available from bodies like Creative Ireland and Culture Ireland.
Main bodies involved in arts and recreation
- The Arts Council
- Creative Ireland
- Culture Ireland
- Business to Arts
- Sport Ireland
- Department of Transport, Tourism and Sport
- Dublin City Council Cultural Company
- Dublin City Arts Office
Read about other key industry sectors which draw businesses from around the globe to Dublin.
As an export-driven economy on the periphery of Europe, transport and logistics is a significant sector in Dublin. It is hugely important for the increasing number of global players that base their European and EMEA headquarters in the city too. Exceptional connectivity with Europe, the UK and the US is one of many considerations which drive foreign investment in Dublin. Over the coming decade, as the e
Ireland is a global centre for life sciences. In fact, it is one of the top three global exporters of pharmaceutical products in the world. Significant investments are made in pharma, biotechnology, medical devices and diagnostic operations on a country-wide basis. Dublin itself has a proven track record for nurturing its world-leading science, engineering and health sectors. That’s because our pool of well-educated STEM professionals attracts the world’s most cutting-edge multinationals. Links with local universities also helps boosts investment in R&D. As a result, our exports in this sector are worth a phenomenal €80 billion each year. What companies have i