Swansea University has been awarded £90million of funding to expand and redevelop its campus.
The money - £60 million from the European Investment Bank and £30 million from Welsh Government - will also help the development of a new Science and Innovation centre.
The University says it will ensure "world-leading research, innovation and education facilities in Swansea".
The project, it says, will create about 4,000 direct jobs during the construction phase, with a further 6,000 indirect jobs supported in the wider economy as a result.
The University says that the Science and Innovation Campus will "co-locate" the University’s College of Engineering and School of Business and Economics "with a range of multinational, national and local businesses".