A Chinese ocean engineering company has announced its strategic intent to establish a project base in Scotland during a meeting with the First Minister.
China Ocean Engineering Shanghai Co (COES) anticipates the creation of jobs in Scotland, linked to contract success.
It has been scoping out premises and port facilities in Scotland to determine which location on Scotland’s eastern seaboard would best enable it to serve offshore markets in the UK, Norwegian and Dutch sectors.
COES is a Chinese state-owned company specialising in offshore construction and decommissioning, ocean going towage, salvage and wreck removal and offshore renewable activity.
It has chosen Dundee as the location of its Scottish project office base.
The company announced its plans during a meeting with First Minister Nicola Sturgeon in Shanghai during her official visit to China.
She 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.”
It is hoped its new presence in Scotland will put the company in a better position to capitalise on the opportunity in Scotland’s offshore oil and gas decommissioning market.