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20 October 2011
Sale of Nigg yard confirmed by First Minister

Scottish First Minister Alex Salmond travelled to Nigg this morning and confirmed that the former fabrication yard has been sold to the Global Energy Group by KBR and the Wakelyn Trust for an undisclosed fee. The site has been on the market since 2005.

GEG plans to develop the site as a service hub for the gas, oil and renewable energy industry and to employ 2000 people by 2015.

Further details from BBC News.