The existing centre is no longer large enough to host major exhibitions and concerts so a new complex will be built at a site near Aberdeen International Airport

Boot proposes a mixed-use development which includes increased exhibition and conference space and a four-star hotel as well as car parking facilities.

Nick Harris of Henry Boot Developments said: “The new facility will be an exciting enhancement to the business and leisure facilities in the North-east of Scotland and we look forward to working with the council to deliver the best solution for Aberdeen.”

Henry Boot Developments managing director David Anderson added: “We are confident that we can deliver a state-of-the-art exhibition and conference centre to enable the city to build on its reputation as a major conference and exhibition venue.

“The economic benefits of the redevelopment project for Aberdeen will be significant and greatly enhance the status of the city as a regional centre.

“We look forward to working closely with Aberdeen City Council to achieve the timely delivery of this new facility.”

Aberdeen City Council will enter into a 35 year lease of the newly completed facility, after which it will be entitled to purchase the AECC development, including the land, for £1.