The scheme will see a new commercial leisure and mixed-use development created on a 250-acre portion of the site.
A £93m visitor attraction, made up of four distinct zones or ‘hubs' - a welcome hub, a leisure and sports innovation hub, an adventure hub and a theme park hub - will completed by 2026. In addition, two sites will be leased for Evermore Ltd's proposed £27m development of a data centre to support the digital economy and Viridian Ltd's plans for a £20m anaerobic digestion facility to generate and export electricity from organic waste.
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The scheme is estimated to create 200 construction jobs and sustain up to 1,400 jobs on the visitor attraction when operational.
Alderman Jim Rodgers, Chair of Belfast City Council's Strategic Policy and Resources Committee, said: "I'm very much looking forward to seeing this area of the city really coming to life through our regeneration plans. Not only does Giant's Park offer businesses excellent connectivity through our airports and motorways, there's the obvious additional benefit of being able to recruit from Belfast's strong skills and talent base.
"We've made a firm commitment to stimulating job creation in the Belfast Agenda, and it's the central objective of the Belfast Region City Deal proposition that we're currently working on with our partners. By developing this vast site, we stand to gain jobs, visitors, and vital rates income which we can reinvest in Belfast."
(LM)
