The holiday company Center Parcs are setting up their first Irish facility.
The venture could bring 1,000 jobs to Longford, with Center Parcs set to invest upwards of €200 million in the ambitious project.
The holiday firm states that during the building of the village, 750 construction jobs will be created, with 1,000 permanent positions when it's built.
Center Parcs bought the 375 acre site from the State forestry company Collite.
The firm have set up five holiday villages in the UK and several across Europe in Germany, France and the Netherlands.
The Irish holiday facility is due to be open in 2019 and it's estimated to bring in €32 million annually for the domestic economy.
Chief executive Martin Dalby said: “We are thrilled and excited about the prospect of bringing the Center Parcs concept to families in Ireland.
“This new Center Parcs will have all of the ingredients that have made us so popular with families in the UK for the last 28 years and I am certain that Center Parcs will be a great success in Longford.”