Dundee's Waterfront is to get a boost as The Chinese Ocean Engineering Shanghai Company (COES) announces it intention to set up its UK headquarters there.
Nicola Sturgeon said “I welcome the announcement that COES intends to establish a base in Scotland. Throughout my visit to China, I have been travelling with the message that Scotland is a fantastic place to invest and do business. I look forward to hearing more details of COES’s plans in due course.”
A delegation from the firm visited Dundee late last year to discuss decommissioning opportunities with Dundee Council administration.
COES is a 60 year old, Chinese state owned company, globally recognised for providing services to the marine construction and offshore industry.