Ireland to invest in online ecommerce company Seo for $1.5 billion
Ireland is poised to make a €1 billion investment in an online e-commerce company founded by a billionaire who spent a fortune buying up companies.
Key points:The Irish government announced a new $1 billion plan to boost the sector in MarchThe Irish investment will support the company to grow to 500,000 employees and create 2,000 jobs by 2026In a move that will also provide a boost to Irish manufacturing, Seo will be part of a $1bn government-backed plan to increase the capacity of the sector.
It will be the largest investment in the sector by the government in the country’s history.
Key dates in Ireland’s economic turnaround:March 20, 2018 – Irish Government announces a $2 billion fund for the sector to create 2