Ireland hopes to tap sovereign wealth funds in the Middle East to invest in infrastructure projects as the government seeks to keep pace with its fast growing population.
Minister of Enterprise, Trade and Employment Simon Coveney is meeting with potential investors in the Gulf this week during visits to the United Arab Emirates, Saudi Arabia and Kuwait.
"We are always looking for partners to be part of strategic investments in Ireland," he told Reuters in an interview at a World Trade Organization meeting of trade ministers in Abu Dhabi.
The minister's comments highlight the gravitational pull of the Gulf states whose government-controlled funds have become go-to-investors in everything from infrastructure to technology.
"There are exciting investment opportunities in Ireland that I think can provide a consistent return in the medium term," Coveney said, describing the economy as unprecedentedly resilient.
"Ireland has very strong economic growth at the moment. We're running trade surpluses, consistently year after year, which is historically unusual for Ireland," he said on Monday.
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