IRELAND attracts more foreign direct investment (FDI) in life sciences than any other European country, according to new research published yesterday.
The research, from Belfast-based consultants OCO, shows life sciences brought almost €1.05bn of investment to Ireland in the year ended last June.
That figure puts Ireland streets ahead of the second largest recipient of life science FDI, Switzerland, which drew almost €487m. Meanwhile, the UK came in sixth place, with just under €290m of FDI in life science projects.
"By tracking the pipeline of investment projects coming to Ireland, it [OCO's research] provides us with an excellent indicator of our overall competitiveness position," said Dr Ronnie O'Toole, chief economist of National Irish Bank.
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