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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. |
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 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." |