Netherlands-based oil and gas giant Shell is poised to announce $200 million investment in a new campus in The Hague on the site of its current headquarters.
Shell plans to both expand its operations on the Carel van Bylandtlaan and create hundreds of jobs in its New Energies division, which will also be headquartered in The Hague.
The new energies arm focuses on developing commercial models based on new forms of generating energy, including solar and wind power, as well as new fuels for transport.
Shell expects the number of jobs in new energies to grow between 500 and 700 within five years and also plans to strengthen its research and development activities in Amsterdam.