DAA announces €4bn development plan
The Taoiseach Bertie Ahern today unveiled the DAA’s masterplan for the development of a €4bn Dublin Airport City located to the east of Dublin Airport on 350 acres of land owned by the DAA.
The plan is to develop a new economic, educational and research zone for international business headquarters, targeting the next generation of foreign direct investment into Ireland.
It is estimated that Dublin Airport City, when completed, will contribute around €1bn to the Irish economy.
Dublin Airport City will help position Ireland as a leading business location for multi-national companies in Europe, attracting significant foreign direct investment as well as creating approximately 30,000 high quality jobs of which up to one third will be net new jobs.
In addition, an average of up to 2,000 construction and fit-out jobs per year will be created over the construction lifetime of the project.
Although no decision has been taken regarding the structure of any financing for Dublin Airport City, it is anticipated, given the nature and scale of the project, that funding will be secured from a range of sources, both domestic and foreign.
Speaking at the unveiling of the plans at the Radisson Hotel, Dublin Airport, Taoiseach Bertie Ahern said: “These exciting plans unveiled today provide a blueprint for the development of a world class Airport City, creating one of Europe’s premier airport economic zones for global companies.
"Located close to the newly-developed Dublin Airport, Dublin Airport City will deliver a vibrant new economic hub for the country, advancing Ireland to the next stage in our development as one of the most successful economies in Europe.”
