Dublin ranked third in the world for Foreign Direct Investment.

Dublin displaced Hong Kong to move up one place in fDi magazine’s “global cities of the future” rankings, coming in behind Singapore and London.

The bi-annual index, which is published by the Financial Times, looks at the success of individual cities and their government in attracting overseas investment.

The Irish capital placed third in both the economic potential and business friendliness subcategories.

Foreign direct investment into Ireland  rose by 4 per cent in 2015, compared to a drop in investments across Europe of nearly 9 per cent.

The study authors said the city continues to go from “strength to strength as a hub for software and IT FDI”, which it noted accounted for 45.2 per cent of all of Dublin’s FDI between 2011 and 2015.

Full story on the Irish Times website: Irish Times link