Derry City and Strabane District Council's Planning Committee have approved outline plans for a major IT Services and Data Centre at Maydown.
Atlantic Hub Property Limited are proposing to build the centre which will include the erection of four IT service and data centre buildings.
The project aims to avail of the high speed connectivity the area enjoys through Project Kelvin which connects Northern Ireland to North America and Europe through a high capacity, secure and reliable network through an industry leading fibre optic submarine cable.
Chair of Derry City and Strabane District Council Planning Committee, Councillor Christopher Jackson, welcomed the approval.
"Atlantic Hubs decision to locate this significant campus in the North West is a ringing endorsement of the high speed connectivity our region enjoys," he said.
"The applicant cited the fast internet data connectivity we enjoy through the Hibernia North submarine cable system as a critical factor in their decision to locate here.
"The Data Centre would further populate Maydown Industrial Estate, taking advantage of land which is currently vacant and will create employment both in the construction phase and when the centre is completed."
The application proposes the erection of four IT service and data centre buildings, substation compounds, generators, switch gear and transformers together with internal access roads, vehicular access, car parking, security, perimeter fencing and gate houses, external site lighting and associated works.
The vacant application site is on 12 hectares of land, divided by Maydown Road and comprises of two parcels of land of similar size on opposite sides of Maydown Road.