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Belfast investment conference 'a great opportunity' Belfast investment conference 'a great opportunity'
(about 2 hours later)
A major international investment conference in Belfast is a "great showcase" for Northern Ireland, Finance Minister Simon Hamilton has said.A major international investment conference in Belfast is a "great showcase" for Northern Ireland, Finance Minister Simon Hamilton has said.
Around 150 potential and existing inward investors are due to attend the conference. About 150 potential and existing inward investors are attending the conference.
Meanwhile, US engineering firm Terex Finlay has announced it is creating 260 jobs in County Tyrone.Meanwhile, US engineering firm Terex Finlay has announced it is creating 260 jobs in County Tyrone.
The investment conference comes as signs emerge that the Northern Ireland economy is recovering.The investment conference comes as signs emerge that the Northern Ireland economy is recovering.
It is being hosted by the first and deputy first ministers.It is being hosted by the first and deputy first ministers.
It is hoped that international investors can add to that momentum in the coming months and years.It is hoped that international investors can add to that momentum in the coming months and years.
It is the first event of its kind in Northern Ireland since the global downturn began in 2008.It is the first event of its kind in Northern Ireland since the global downturn began in 2008.
The conference begins with a reception at Hillsborough Castle in County Down. The conference has begun with a reception at Hillsborough Castle in County Down.
The main event is on Friday when Prime Minister David Cameron is expected to address the delegates.The main event is on Friday when Prime Minister David Cameron is expected to address the delegates.
Mr Hamilton said he hoped the conference would help to build on previous successes and "take ourselves to another level economically".Mr Hamilton said he hoped the conference would help to build on previous successes and "take ourselves to another level economically".
"It's a great opportunity for Northern Ireland to showcase what we have to offer to the world," he said."It's a great opportunity for Northern Ireland to showcase what we have to offer to the world," he said.
"In the past we've had similar conferences which have, in the short to medium term, realised significant investment in Northern Ireland."In the past we've had similar conferences which have, in the short to medium term, realised significant investment in Northern Ireland.
'Benefits''Benefits'
"Some of those brand names have been able to appreciate the great offering we have and have built on their investment to create more jobs.""Some of those brand names have been able to appreciate the great offering we have and have built on their investment to create more jobs."
First Minister Peter Robinson said: "The investment conference is a direct result of the very positive impression made by Northern Ireland at the G8 summit in June.First Minister Peter Robinson said: "The investment conference is a direct result of the very positive impression made by Northern Ireland at the G8 summit in June.
"It is a great chance for us to capitalise on that and ensure that Northern Ireland retains a high profile worldwide.""It is a great chance for us to capitalise on that and ensure that Northern Ireland retains a high profile worldwide."
Deputy First Minister Martin McGuinness added: "Foreign direct investment can bring many benefits to our community, by creating new jobs and helping to boost economic growth.Deputy First Minister Martin McGuinness added: "Foreign direct investment can bring many benefits to our community, by creating new jobs and helping to boost economic growth.
"It also generates additional opportunities within the local supply chain and leads to the expansion and growth of many home-grown businesses."It also generates additional opportunities within the local supply chain and leads to the expansion and growth of many home-grown businesses.
"It is important potential investors get the right impression of a highly competitive, stable, investment location. The senior executives at the conference will find a business-friendly executive ready to support international investment.""It is important potential investors get the right impression of a highly competitive, stable, investment location. The senior executives at the conference will find a business-friendly executive ready to support international investment."