The Celtic Freeport builds on from the Pembroke Dock Marine development and further accelerates Wales to a net zero economy.
Freeport status will provide greater resilience and competitive advantage as ‘fast and first movers’ in the global shift to net zero and stimulate inward investment in modern, green technologies.
The Celtic Freeport is expected to support 16,000 jobs and generate up to £5.5 billion of investment.
The Celtic Freeport bid was shortlisted by UK and Welsh Governments in March 2023.
Celtic Freeport's strategically located tax and customs sites span almost 250 hectares in Pembrokeshire and Neath Port Talbot and will create wide ranging opportunities for the region.