An environmental exhibition and conference centre is to be built as a landmark for a planned ‘green enterprise district’ in London.
London mayor Boris Johnson claimed the development will create as many as 6,000 jobs.
Technology giant Siemens said it is investing £30M in the ‘pavilion’ to help regenerate the deprived area of Newham.
The building is billed as a permanent showcase for sustainable technologies and is projected to bring in 100,000 visitors each year.
The site is at the west end of the Royal Docks and, when the building opens in early 2012, around 230 Siemens workers will be based there. A possible 50 additional jobs may be created.
The green enterprise district will cover six east London boroughs: Hackney, Tower Hamlets, Newham, Waltham Forest, Barking and Dagenham, and Havering. It is intended to attract ‘low-carbon businesses’, particularly in waste and recycling, renewable energy and alternative fuels.
Mr Johnson said London should make the most of the emerging ‘low-carbon economy’.