An engineering firm which provides services to the energy market is opening new global headquarters in Limerick and will be creating 700 jobs in its Irish and international operations over the next five years.

The project is a development of H&MV Engineering which was founded in 1997 and now has offices in Dublin, Cork and Thurles, as well as international offices in the UK, continental Europe and India.

The company provides specialist design, engineering and construction services for the energy market and is to lead a global expansion from its new international HQ in Castletroy in Limerick during the coming five years.

That expansion will include the creation of 700 jobs worldwide, with the Limerick base having capacity for 350 staff including employees already working there.

H&MV Engineering already employs 700 people at its various bases in Ireland, the UK, continental Europe and India.

It said today's announcement reinforces its "commitment to the progression and development of its staff by pioneering an environment for learning and development across multiple disciplines".

These disciplines include engineering, environmental health, and safety, finance, commercial, human resources, administration, quality, and construction.

New bespoke corporate offices at Castletroy will run to 36,000sq/ft and include engineering VR facilities as well as relaxation areas, a games room and a gym.

"This new office will serve as a major centre for key roles across all areas of the business," the company said in a statement.

Recruitment for the new positions is already under way.

CEO PJ Flanagan said the company's latest expansion "will serve as the base for delivering our next phase of growth, both in Ireland and internationally."

He added that the new offices spaces in Limerick have been designed to create "an optimum atmosphere for innovation and creativity".

The chief executive of engineering company H&MV, PJ Flanagan, told RTÉ's News at One that the move is to allow for further expansion in the sector.

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"We see the energy sector as one of the most demanding sectors and to deliver on that we're developing R&D and engineering hubs to deliver the infrastructure over the coming years," Mr Flanagan said.

"Our new HQ is a state of the art facility which is going to have VR facilities, relaxation areas, games rooms for staff along with gyms," he said.

He also said the company offers in-house apprenticeships, with 50 coming on stream this year.

"We mentor and train apprentices along with the different technologies and universities and graduate programmes as well," he said.

"We have over 30 graduates coming into the system so it's a really exciting time for young talent. That's the way H&MV has always grown and nurtured its culture and the family ethos in the business," he added.