The Maiden City
When Belfast firm Tughans opened an office in Derry, the move raised eyebrows. But, as Kieran Margey explains, Derry is the second largest city in Northern Ireland and targeted for significant investment
June 02, 2004 at 08:03 PM
5 minute read
Derry, or 'the Maiden City' as it is sometimes referred to, is the second largest city in Northern Ireland, and the fourth largest in Ireland after Dublin, Belfast and Cork respectively. It is the regional city for the northwest of Ireland, and the current population is approximately 105,000, with a catchment population of 400,000.
Between 1991 and 2001 the population of Derry grew at a rate of 9.2%, compared with the Northern Ireland average of 5.3% for the same period. The local economy in Derry has grown steadily over a number of years, and the annual employment growth rate for the northwest is currently 2.9% per annum, compared to 2% for Northern Ireland as a whole.
Around $700m (£385.74m) has been invested in infrastructure in Derry over the last five years, including the development of the local airport, the local port and harbour facilities and, significantly in telecoms infrastructure, which has resulted in a telecommunications optical fibre network that offers high-quality, high-speed performance bandwidth on demand for business users.
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