Hibernia Networks has committed to landing its Tier 1 Express fibre cable at Cork, connecting the city with vital digital and financial markets in the US and UK.
Dublin: 20.12.2014 11.40PM
Ireland has topped the league tables as the best location in Western Europe to locate facilities and derive a return on investment, according to Site Selection, the magazine for corporate real estate strategy and area economic development.
The global study, compiled in conjunction with Amsterdam-based Investment Consulting Associates, IBM Global Business Services and IBM-Plant Location International (IBM-PLI), pointed out that in terms of the number of projects China ranks first globally, followed by Germany and the UK.
However, applying a methodology for ‘Best to Invest’ in terms of growth in new facilities, capital investment and job creation from IBM-PLI and Conway’s New Plant database as well as Location Rank and Competitiveness using LocationSelector.com’s proprietary database in terms of economic strength and infrastructure, Ireland came first in Western Europe.
Additional points were given to those metros that ranked among the top 50 metro destinations for Foreign Direct Investment Projects as identified in IBM’s Global Location Trends report.
“Capital investors only invest where they are confident they will earn a meaningful return, and these locations deliver that confidence,” Site Selection Magazine said.
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