£3bn to be poured into Aberdeenshire following Trump decision
10:45 07 Nov 2008
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Donald Trump’s £1bn luxury golf course in Aberdeenshire will spearhead a £3bn investment bonanza in “the area the credit crunch forgot”, experts have predicted.
Aberdeen City and Shire Economic Future (Acsef), which oversees development in the area, said there was a £2bn pipeline of work to follow Trump’s investment.
Trump received planning permission for the golf course on Monday and will begin enabling works early next year.
An Acsef spokeswoman said other schemes included a £40m Jack Nicklaus golf course and hotel at Ury Estate, near Stonehaven and a £55m headquarters for Wood Group.
Also planned is the £250m Union Square project, £30m City Wharf developments in Aberdeen and a £700m urban village and business hub on the outskirts of Aberdeen.
Acsef development manager Rita Stephen told the Scotsman: “These new developments represent investment totalling over £600m.
“When coupled with Trump International Golf Links Scotland and other proposals such as Energetica – the proposed 30-mile energy lifestyle corridor – the total could be approaching £3bn.”