Up to 50,000 new jobs could be created as part of a blueprint by Birmingham City Council for the development of the city centre over the next 20 years.
The Big City Plan also incorporates proposals for 1.5M.sq.m of new office, retail, leisure and cultural floorspace that could lead to a £2.1bn growth in the local economy each year.
Councillors have identified five key areas of transformation based around New Street Station, Westside, the Snow Hill District, Eastern Core Expansion and The Southern Gateway.
More than 5,000 new homes would also be built in the project, with 65,000sq.m of new and improved public spaces and 28,000sq.m of enhanced walking and cycling routes also being included.
Council leader Mike Whitby said: “Our Big City Plan will provide a clear blueprint for investors, businesses and residents alike – with the detail, the grain and the soul, which I believe will inspire imaginations across the world – and capture billions of extra investment and value for our local economy.”