Over £300m will be invested in capital projects across Belfast's port and Harbour Estate during the next five years.

Belfast Harbour unveiled the plans as part of its Advance Regional Prosperity 2025-2029 strategy, with £208m pledged for significant port improvements while £105m will go towards the ongoing regeneration and development of the Harbour Estate and waterfront.

As a Trust Port, Belfast Harbour is self-financing and invests all post-tax profits in developing the port and estate to benefit the city and region.

The strategy includes the largest single capital project ever undertaken by Belfast Harbour, a proposed £90m investment in a new deepwater quay which will be able to accommodate some of the world’s largest cruise vessels and also expand the port’s capacity and capabilities for offshore wind turbine assembly and installation.

Stage one of the deep-water quay build, which will initially support cruise tourism, is expected to be delivered by 2027-28. Through the project, Belfast Harbour aims to boost cruise tourism to the region, currently worth an estimated £20-25m to the local economy annually.

Stage two of the deepwater quay build, due by 2030, will further strengthen the infrastructure, so that the port can play a leading role in the assembly and installation of the next generation of floating offshore wind turbines.

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While this part of the project is dependent on additional investment or third-party funding, Belfast Harbour is confident that when complete, it will position the port and local supply chain as central to the deployment of high-capacity wind farms, helping meet demand for clean energy as Northern Ireland and Ireland strive to reach net zero targets.

The new strategy has four key objectives: to enable economic growth; to develop and improve the port; to create vibrant places to live and work; and to innovate for a better tomorrow – with the overarching objective of accelerating to net zero embedded across all activities.

Other significant port projects outlined in the strategy include the delivery of new, sustainably powered cranes, the planning, design and consent for a rebuild of Stormont Wharf – the port's main deep-water berth, the construction of new BREAAM Excellent sustainable warehouses and the deployment of autonomous vehicles across the port and estate.

Investment in the Harbour Estate will include the £60m development of City Quays 5, a significant mixed use regeneration project including office, retail, hospitality and exhibition space.

There are also plans to move forward with the City Quays 4 scheme for 325 homes, including affordable housing and to begin the process of developing an additional 3,000 houses by 2030.

Belfast Harbour also expects to fully deploy 'The Harlander' autonomous passenger vehicle across the estate in 2029, with on-road trials due to begin later this year.  The organisation is also targeting a series of new productions at Belfast Harbour Studios aimed at delivering £200m to the economy by the end of the decade.

This strategic plan and investment programme is in addition to the £374m of investments made by Belfast Harbour in the past decade, to ensure a competitive and resilient port, and developing a vibrant economic hub with connected and inclusive communities across Belfast Harbour Estate.

Dr Theresa Donaldson, Chair of Belfast Harbour Commissioners, said: "By investing £313m, we will build on our strengths as the region's leading port and a vital economic hub, delivering for our customers and tenants.

"We will continue our pioneering efforts to diversify and decarbonise, helping to reimagine and regenerate the city and bring additional prosperity to the region.

"Crucially, we will enhance our reputation as a leading port for cruise tourism and leverage our expertise as the only port on the island with offshore wind facilities."