Dublin has been named the 11th best city in the world for greenfield foreign direct investment (FDI) in 2014, ahead of cities like Paris, San Francisco and Melbourne.
With 91 projects, representing an investment of $2.7bn, Dublin attracted 82 new companies, which hadn't previously invested in the city during the year, according to figures from FDI Markets, a Financial Times data service.
When it comes to its job creating ability however, Dublin jumps up the rankings, with almost 4,000 jobs from greenfield investments in 2014. This puts the city in third place, behind Bangalore (4,953) and Shanghai (4,235). Each new project in Dublin created on average 76 jobs.
Top of the table overall is Singapore, which attracted 409 projects across 390 companies, creating a total of 2,732 jobs and an investment of $11.4 bn. It is followed by London (334 projects); Shanghai (245) and Dubai (234).
Emerging markets continued to perform strongly, the research shows, accounting for nearly half of the top 20 list of destination cities for FDI last year. In 2014, Beijing, Bangalore, Dubai, São Paulo, Kuala Lumpur and Mexico City joined Singapore, Shanghai and Hong Kong on the ranking.
