Work has begun on a state-of-the-art office and training complex that will be the site of global education for future oil and gas energy suppliers.
Aberdeen City Council announced the first phase of construction of the Prime Four business park at Kingswells is underway.
The multi-million pound complex is expected to be completed by September 2013, with a series of improvements to surrounding roads also planned.
Council leader Barney Crockett described the work as set to boost economic growth in the area and displaying Aberdeen's commitment to energy schemes.
Meanwhile, director of enterprise, planning and infrastructure Gordon McIntosh said the development will "help to maintain Aberdeen's status as Europe's energy capital".
He added that the business park will generate hundreds of jobs and "millions of pounds of annual investment every year".
Among the companies that will be based at the site are Apache North Sea, Nexen Petroleum UK and Transocean Drilling UK.
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