As a thriving city experiencing great growth across a wide range of industries, there is great opportunity for investment in Aberdeen. The city was rated as the best performing city in Scotland and fifth best in the UK by the Centre for Economics and Business Research at the end of 2017. This is based on the number of jobs being created, along with the city's growth in GVA of 1.5%.
There is currently over £5 billion worth of investment in private and public projects across the city, according to the Aberdeen & Grampian Chamber of Commerce. This total excludes residential projects, and is comprised instead of substantial developments such as the £550 million Aberdeen by-pass (the AWPR), the £333 million Aberdeen Exhibition and Conference Centre (AECC), and the £30 million refurbishment of the Aberdeen Art Gallery.
MoreAberdeen is one of the world leaders for the oil and gas industry, and today it sits at around £4 billion - an increase of 31% over the last two years. The establishment of the Oil and Gas Technology Centre (OGTC) in 2016 saw £180 million funding from both the Scottish and UK governments, with aims to invest in offshore engineering projects in the region.
Other top-performing industries in Aberdeen include life sciences, adding almost £40 million Gross Value Added to the Scottish economy, food, drink and agriculture, accounting for 17% of Scottish GVA and directly employing over 22,000 people, and the digital industries; in 2015 4,250 people were employed across 875 enterprises located in the city.
