Ireland's previously dominant position in attracting data centre and pharmaceutical infrastructure investment faces significant erosion as mainland Europe and North American markets capture growing proportions of global construction activity in these strategic sectors.
The state investment agency is actively seeking new multinational investors for County Wicklow as it works to mitigate the economic consequences of Merck's decision to close its Arklow pharmaceutical manufacturing facility.
An internal briefing document from IDA Ireland has revealed the agency's assessment that the country faces mounting challenges in securing foreign direct investment amid global economic fragmentation and geopolitical uncertainties beyond national control.