1,000 new jobs will be created, and local companies Catagen, Terex, Wrightbus, and Artemis will receive millions of dollars in funding to develop green technology, according to tax and consulting firm EY.

The Summit, which aims to accelerate foreign investment into Northern Ireland, will draw about 200 investors from around the globe on Wednesday, including the US, Europe, the Middle East, and Asia Pacific.

The summit on Wednesday aims to attract new investment into Northern Ireland by showcasing businesses and opportunities in its speciality sectors.

Throughout the day, industry-led sessions will concentrate on advanced engineering and manufacturing, technology, financial and professional services, the green economy, and the field of life and health sciences.

The summit would result in lasting relationships between the region and the rest of the world, according to Secretary of State for Northern Ireland Chris Heaton-Harris.

He said that today, “hundreds of investors from all over the world will experience first-hand the expertise, innovation, and special opportunities that Northern Ireland has to offer.”

“The fruitful, international connections made in this room today will help Northern Ireland's communities and businesses for years to come.”

“I'm happy that funding from the UK government is helping to realise Northern Ireland's tremendous potential. This summit is a fitting way to commemorate the Belfast (Good Friday) Agreement's 25th anniversary and Northern Ireland's promising future.”

This week, a project run by the maritime company Artemis Technologies Ltd. of Belfast received a $15.5 million grant to create electric passenger vessel services in Orkney as part of the Zero Emission Vessels and Infrastructure (ZEVI) programme, which supports the creation of clean maritime solutions that are close to commercial viability.

Wednesday saw the Red Diesel Replacement (RDR) competition sponsored by the Department for Energy Security and Net Zero award shares of nearly £26 million to Northern Ireland-based Catagen, Terex, and Wrightbus.

More than £6 million in grant money has been given to the three-firm consortium to test e-diesel and hydrogen dispensing technologies in quarrying.

Interim Invest NI CEO Mel Chittock stated: “Today's summit is an opportunity to showcase our success stories and create a space for investors to learn why Northern Ireland is one of the most attractive places in the world for businesses to invest and grow.”

“We're taking the chance at today's summit to build on investments like this and demonstrate to about 200 international investors why we're one of the most alluring business environments in Western Europe," he continued. We provide an exceptional location for investing and conducting business thanks to our exclusive access to the EU and UK markets as well as our skills and talent.”

The financial support was a deciding factor in their decision to expand their business in Northern Ireland, according to Hywel Ball, EY UK chair and managing partner for the UK and Ireland.

“The support from Invest Northern Ireland and the Department for the Economy played a key role in our decision to choose Northern Ireland as the location for this significant investment, as did the access we have here to an incredible talent pool as well as the potential and ambition of our Northern Ireland practise,” he said.

Additionally, a variety of industry professionals will share their insights, including Citi's chief executive for Europe, the Middle East, and Africa, David Livingstone.

Additionally, 19 showcase businesses from all over Northern Ireland will present themselves to international investors, including Respiratory Analytics in Derry, Collins Aerospace in Kilkeel, and Wrightbus in Ballymena.

Northern Ireland exports goods, services, and technologies to more than 100 nations worldwide.

With an estimated £7.2 billion in FDI stock from the US at the end of 2021, the US is the main source of foreign investment in Northern Ireland.