Aberdeen City Region is one of the most prosperous regions in the UK. It is Scotland’s third largest City Region – home to nearly one million people.
Universally known as the Granite City, Aberdeen is a vibrant, entrepreneurial region in Scotland’s North East, home to a unique mix of business opportunities and specialist skills across various sectors including energy, technology, life sciences and food & drink.
Over the last 40 years, Aberdeen has reinvented itself from a provincial regional centre dependent upon fishing, farming and tourism to become the centre of the UK’s national oil and gas exploration, Europe’s energy capital and one of the top 5 energy cities in the world.
In 2018, the UK oil and gas industry produced an average of 1.7 million barrels of oil equivalent every day. Over the last forty years the UK has produced nearly 43 billion barrels of oil and gas and still has substantial potential. It is estimated that 16 – 25 billion barrels of oil and gas remains to be recovered. Developing innovative new technologies to maximize the recovery of this oil and gas remains a key priority for businesses, supported by the investment of £180 million by the UK and Scottish Governments in a new Oil and Gas Technology Centre- aiming to be the go-to technology centre for the oil and gas industry in the UK and internationally.
The region has a rich cultural prominence and the city now hosts numerous award-winning festivals, conferences and sporting events throughout the year. Aberdeen is home to the renowned SPE Offshore Europe Conference and Exhibition taking place in September every two years. Offshore Europe attracts a global audience of around 38,000 engineers, technical specialists, industry leaders and experts, to share ideas, debate issues of the moment and create common agendas for the future of the energy industry.
In 2019, a £333 million Event Complex Aberdeen (TECA) was opened- the largest single investment in conference, exhibition and concert venues in the history of the UK. The £333 million event complex is a world-class new exhibition and conference centre that broadens the appeal of the north-east to a global audience. The new facility will generate 600 new jobs during construction and 352 full-time equivalent permanent positions by year 10 of operation.
TECA is home to the largest fuel cell installation in the UK, on par with the largest in Europe, with a dedicated on-site energy centre to provide power, heat and cooling to the new world-class conference and event arena- providing a total electrical output of 1.4MW- reinforcing Aberdeen’s status as a Global Energy Hub.
Aberdeen continues to build on its reputation as a centre of excellence for hydrogen and fuel cell technologies with the largest fleet of hydrogen buses in Europe. Aberdeen is a key partner in the hydrogen transport for the North Sea Region Project- HyTrEc.
The Regional Economic Strategy, along with the City Region Deal and the City Centre Masterplan, underpin ambitions to act as a catalyst for economic growth and diversification and to ensure Aberdeen continues to be an attractive, prosperous and sustainable place to live, visit and invest in.