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However, the majority of this figure was associated with one deal, Dubai Aerospace's 6.9 billion-euro acquisition of Dublin-based AWAS Aviation Capital Austin Hooper Youth Jersey , the report said.

Shane O' Donnell, head of William Fry's Corporate Department, said Ireland continues to be one of the strongest performers in Europe in the foreign direct investment sector despite geopolitical uncertainty instigated by Brexit and the U.S. presidential election.

But he said the ongoing period of uncertainty between the European Union and and the United Kingdom poses the greatest risk to dealmaking in 2017 and beyond.

Volatility will inevitably cause some dealmakers to put transactions on hold until a clearer picture emerge, O' Donnell said.

""In response to this changing deal climate, it is essential that Ireland focuses on further enhancing its competitiveness to ensure it can capitalise on investment at both a domestic and international level,"" he said.

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