Up to €10bn is to be invested in the redevelopment of 400 acres at Cork's docklands.
The Cork Docklands Regeneration Project will be the biggest single development in the city's history.
Details of the first part of the regeneration project were announced today.
Cork's docklands traditionally formed the industrial hub of the city, through major employers like Dunlop and Ford. However, much of the area is now derelict and in need of re-development.
Five of the country's biggest developers have come together with a plan to re-generate the area.
Howard Holdings will invest €1bn developing an 11-acre site over the next five years, which will include over 150,000 sq.m of office space, 600 homes, a hotel and a conference centre.
Cork City Council, which is over-seeing the docklands re-generation project, says it will transform the city.
The Government has also indicated that it is prepared to give developers tax breaks to further stimulate the regeneration project and details of a package of incentives are expected to announced later this year.
