Wales is to get two renewable energy focused freeports with the potential to create 20,000 new jobs over the next seven years.
In a bidding process overseen jointly by the UK and Welsh governments, which initially focused on approval for one freeport - two have been agreed for the Port of Holyhead in north Wales and a multisite bid (the Celtic Freeport) covering the ports of Milford Haven and Port Talbot in south west Wales.
The freeports, subject to approval of their final business plans, could be established later this year with each receiving £26m of seed funding from the UK Government.