Published Thursday, 05 January 2012
An official announcement is expected to be made on Friday about the tournament, which will be held between the 28 June and 1 July.
It would be the first time the competition has been played at Royal Portrush, which is among the highest rated courses in the UK and Ireland, since 1947.
The opportunity to play on a links style course, and the timing of the tournament, in a prime slot just three weeks before the Open Championship gets underway at Royal Lytham & St. Anne's, means that more of the world's best players are likely to turn up on the north Antrim coast.
Fantastic news on the Irish Open 2012 coming to Royal Portrush. Always been a dream of mine to play a top event in my home town.
Graeme McDowell on Twitter (@Graeme_McDowell)
Huge crowds would be expected to turn out to watch Northern Ireland's golfing stars who have dominated the sport recently, winning three major tournaments in a period of 13 months, leading the region to be nicknamed 'the golf capital of the world'.
In July 2011, Dungannon man Darren Clarke won his first title at The Open, just months after Rory McIlroy and Graeme McDowell claimed back to back US Open wins.
Last year, the Executive said it would provide substantial financial backing for the tournament.
Golf tourists spend an average of £400 a day, and it is hoped holding the Irish Open in Northern Ireland would provide a boost of around £80m to the tourism economy in the region.
Royal Portrush will be awesome for the Irish Open this year...it's as good a test as we play anywhere! Brilliant news. Big crowds please!!
Darren Clarke on Twitter (@DarrenClarke60)
Hosting the Irish Open will be seen as a significant opportunity for Royal Portrush to showcase Northern Ireland's capability to host the Open Championship, one of golf's four major tournaments.
Previously it had been thought highly unlikely that Northern Ireland would be in the running to host the Open Championship, however, with the success of the local players in recent times, the case may become overwhelming to bring the biggest tournament in the world here.
The number of hotel rooms available on the north coast to tournament organisers is thought to be a serious stumbing block for bringing the Open Championship to Northern Ireland.
Each May, huge crowds flock to the North West 200 week of motorcycling races, seemingly with no hindrance from the supposed lack of accommodation.