Belfast Harbour announces a £300 million investment plan over the next five years, focusing on port improvements, waterfront regeneration, and new initiatives like cruise tourism and self-driving transport. The strategy, 'Advance Regional Prosperity 2025-2029', includes a £90 million deepwater quay project to accommodate larger cruise ships and facilitate offshore wind turbine assembly.
Belfast Harbour has announced a plan to invest over £300 million in capital projects over the next five years - including plans for housing, retail, improved cruise ship facilities, and self-driving transport.
Stage one of the deepwater quay build, which will initially support cruise tourism, is expected to be delivered by 2027-28. Through the project, Belfast Harbour aims to boost cruise tourism to the region, currently worth an estimated £20-25m to the local economy annually. Other significant port projects outlined in the strategy include the delivery of new, sustainably powered cranes, the planning, design and consent for a rebuild of Stormont Wharf - the port’s main deepwater berth, the construction of new BREAAM Excellent sustainable warehouses and the deployment of autonomous vehicles across the port and estate.
The organisation is also targeting a series of new productions at Belfast Harbour Studios aimed at delivering £200m to the economy by the end of the decade. “As a Trust Port, Belfast Harbour reinvests every penny of post-tax profits back into the business and the community, ensuring long-term value for the region. Our investment to date has created jobs, strengthened supply chains, raised sustainability standards and attracted major foreign investors to the city. Our 2025-29 strategy aims to continue this transformation and advance prosperity for the region.
“Our strategy will also support the NI Executive and Belfast City Council to tackle key issues including the supply of housing, responding to climate change and helping grow a more sustainable and globally connected economy.”
INVESTMENT PORT DEVELOPMENT CRUISETOURISM OFFSHOREWIND AUTONOMOUS VEHICLES
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