Construction Ireland Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
07/12/2007

US Department Of Commerce Invited To 'Build' Economy

America's Department of Commerce has been invited to partner the NI Executive in 'building' a new and vibrant economy here.

The First Minister and Deputy First Minister told the US Secretary of Commerce, Carlos Gutierrez, that they are in the US on a joint mission, with a common purpose and a clear message.

The Ministers attended a business dinner for the Department of Commerce and prospective investors – with 'building' new international relationships and, literally boosting Northern Ireland's building industry in the process.

The First Minister, Ian Paisley, said: "We have entered a new era where the focus is on building economic prosperity - taking all of the great assets of Northern Ireland and creating powerful new economic opportunity. That, more than anything else, is the challenge of the new era.

"All of the people here have formidable business insights and experience. I invite all of them to come and see for themselves the investment potential that exists.

"I invite them to tell investors in the United States that Northern Ireland is well and truly open for business and that without exception, Ministers in the devolved Government are committed to building new partnerships with the private sector," concluded the First Minister.

-- Advertisement --

Deputy First Minister, Martin McGuinness said: "We've become more successful in attracting Foreign Direct Investment with over six billion dollars worth having been secured since 1996. The US is our most important market. In the past five years alone, Invest Northern Ireland has attracted 51 inward investment projects from the United States.

"Many of these have come from the innovation-based sectors of internationally traded services, particularly business services, financial services and ICT and from companies of the calibre of Liberty Mutual. Allstate and Allen Systems and Citi,” continued the deputy First Minister.

"For international investors, we have high-tech expertise, industrial ingenuity and a great lifestyle to offer making us one of the most attractive inward investment locations in Europe, particularly as a nearshore location from which to service large markets.

"We have world class Universities in Queens and the University of Ulster, excellent R & D support and a highly competitive cost environment.

"The Executive has ambitious plans to create 6,500 new jobs by 2011 with 600 companies becoming exporters for the first time in the same period.

"Over the next 10 years we plan to invest almost $40 billion dollars to ensure that we have the infrastructure needed to support further investment. In all of this we remain deeply appreciative of the help we have received from the United States," he said.

Noting that the building industry is part of the overall future plan, he continued: "Our people have put their trust and confidence in us as an Executive to deliver a better future. We are determined not to let them down. We are determined to deliver economic prosperity, fairness and inclusion for all our people."

(JM)

Latest Construction News

03/05/2024

Construction work has commenced on a new £9 million build at Rowandale Integrated Primary School in Moira. Funding from the Fresh Start Programme will facilitate the establishment of a new, modern primary school, with 14 classrooms and a nursery unit capable of accommodating over 340 ...
03/05/2024

Minister for Agriculture, Food and the Marine, Charlie McConalogue T.D. together with Leas Chathaoirleach of Donegal County Council, Cllr Gerry McMonagle, has opened the Greencastle Harbour Breakwater. The 270-metre Breakwater aims to improve the protection of vessels in the harbour against wave ...
03/05/2024

NI Water has initiated a £3.5 million improvement programme at Newcastle Wastewater Treatment Works (WwTW). Murphy Dawson Wam JV is undertaking the project, which focuses on improving the three-stage treatment process at the current facility. This will entail installing new filtration gear and a ...
03/05/2024

Bennett Construction has announced that it has achieved Practical Completion (PC) on the Tristan Square Development in Chapelizod, Dublin. The project includes the construction of 180 social and affordable apartments split in to one, two and three bed homes over three blocks. Each of the units are ...
03/05/2024

SSE Renewables and FuturEnergy Ireland have revealed that Microsoft has committed to a lengthy Corporate Power Purchase Agreement (CPPA) with the co-developers. This agreement will inject 30MW of wind energy into Ireland's power grid through the recently launched Lenalea Wind Farm, located near ...
03/05/2024

Farrans has announced that it has collected three awards, including one Gold, at the Considerate Constructor Scheme's National Awards. The CCS National Awards honour outstanding sites, organisations and people who show exceptional commitment to the Code of Considerate Practice in Community, ...
03/05/2024

County Down headquartered GRAHAM has started construction work on a new £59 million low-carbon development in Edinburgh. The Burnet Point scheme in Abbey Lane which combines student flats, build-to-rent and affordable homes is the first-ever mixed-use residential development of its kind by Unite ...
03/05/2024

Alliance's Housing spokesperson, Kellie Armstrong MLA, has welcomed the NI Federation of Housing Associations (NIFHA) commitment to reduce carbon emissions in social homes and combat climate change. Housing associations are currently in the process of developing a scheme set to launch this autumn. ...
03/05/2024

Fibrus has announced that it has exceeded its 80,000 customer milestone, as it gains over 50,000 customers in just one year. The broadband provider burst on to the scene to transform the digital infrastructure of rural and regional areas of Northern Ireland and has shaken up the market due to its ...
03/05/2024

Infrastructure Minister, John O'Dowd, has announced his support for the 'No Mow May' approach to help promote biodiversity on the roadside during this month. The Department for Infrastructure oversees the maintenance of 45,000km of grass verges along the road network. In recent years, it has been ...
No HydroLiftmanSIG Ireland GroupMMA Joinery Specialists LtdRegan Tile DesignEcocelPlanning HandbookStone Systems LimitedPremier Floor ScreedS & N Granite
Terms and Conditions
2024/05/05 02:33:23