Around 200 jobs will be created with the establishment of an innovative new research centre in Dublin.
Technology giant IBM has chosen Blanchardstown for its first Smarter Cities project, where teams of experts will work to improve urban planning in cities around the world.
Software specialists will join forces with local authorities, academics and business leaders to devise ways of better connecting transport, water and energy systems.
Newly appointed Minister for Enterprise, Trade and Innovation Batt O'Keeffe says the €66m project is a major endorsement of the country and its workforce.