The companies will create 140 new jobs between them
A total of 140 new jobs are to be created by two companies in Belfast and Londonderry.
Home furnishings company Dunelm Mill is to create up to 80 jobs when it opens a 38,000 sq foot outlet on the Buncrana Road in Derry.
Meanwhile, telecoms company Magdalene is to create 50 jobs at a development centre in south Belfast.
Magdalene, based in St Ives, near Cambridge, already has offices at the Gasworks site off the Ormeau Road.
Magdalene and another telecoms company, Eircom, were recently awarded a £2m contract with NI Water to upgrade and maintain its internal network.
Eircom announced last week that they were investing another £1.5m in their Belfast operation.
It plans to double the size of the business over the next three years.
Enterprise Minister Arlene Foster said there was potential for growth in several sectors of the Northern Ireland economy.
"Whilst we recognise we are in a global economic downturn and people are losing their jobs, there are also job opportunities coming on-stream as well," she said.