The Industries Set to Aid Economic Growth in Ireland – Ireland’s economic growth has been outpacing that of many of its Eurozone competitors. Despite some volatility, employment has been high, and growth has been steady. This has been down to a progressive, business-friendly approach from the Irish government. Below, we have collected some of the industries set to help growth in the country in the coming year.
Pharmaceutical Manufacturing
Ireland has long had a strong history of manufacturing. Yet while most businesses are outsourcing their enterprises to cheaper operations in Asia, Ireland is actively attracting new investment opportunities from around the globe.
Rising demand for plasma medicines recently saw a huge increase in orders for the company Grifols S A. To compensate for this, they have announced the building of a new state-of-the-art manufacturing plant. This comes almost ten years to the day that they opened up in Dublin. Part of this expansion is due to the success of their innovative albumin storage device, the Flexbag.
This is not an isolated occurrence. It comes off the back of a week where GE Healthcare has announced openings for 140 new jobs. AbbVie has also invested € 60 million into a new manufacturing facility in the area.
iGaming
The iGaming industry has been flourishing in Ireland for some time. A mix of a world-class tech talent pool, a business-friendly approach from the government, and a competitive industry has seen opportunities here flourish. This article from BonusFinder outlining the best offers in the market shows you just how competitive the field is. New games are created and uploaded on an almost weekly basis, with a robust and secure infrastructure needed to run these websites. This has resulted in a glut of jobs in the local area.
Not only does the country have providers, but it also has several high-profile development companies. NSUS, Kama Games, and Coastline are a few companies making industry waves operating here. These developers also need marketers to keep them going, along with the HR that any major company would need. When it comes to iGaming, Ireland has it all and is attracting only the best.
Cloud Computing
Another industry that has had a major investment is the field of cloud technology. Chinese telecommunications company Huawei has announced that its first major European cloud hub will be situated in Dublin. It will provide 200 jobs at € 150 million to the company and will be supported by the Irish Government through its IDA Ireland initiative.
The aim is to provide cloud services to people across Europe, using Ireland as the main hub. Not only will there be money put into research and development, along will building a secure, sustainable cloud system, but future growth is also predicted. An open digital ecosystem is planned, presumably akin to the metaverse, of which Dublin could be the epicenter.
Its impact will also be far-reaching for small and medium-sized businesses in the area by serving their needs. Huawei themselves had said it will be a platform for building an AI-driven world and aims to bring greener infrastructure to the area.
