Sainsbury's is poised to spend over £50 million on two new stores in Carrickfergus and Londonderry, it announced today.
The supermarket giant will purchase an existing Co-operate store in Carrickfergus and, subject to planning permission, build a new store at Crescent Link in the Waterside area of Derry.
While no exact figures on jobs have been announced, it is anticipated some 300 will be created in Derry.
In Carrickfergus all Co-Op staff will be offered the opportunity to stay on and additional jobs may be created.
Chris Templeman, head of property development at Sainsbury's said: "We are delighted to announce further investment by Sainsbury's in Northern Ireland.
"We are due to open our eleventh store in west Belfast towards the end of the summer and Carrickfergus will be out twelfth.
"The new flagship store in Derry will follow when we have planning permission."
He said all existing stores in the province were trading well despite the difficult economic climate and its regional buying team was currently sourcing over £250 million worth of local produce a year.
Sainsbury is also awaiting the outcome of a planning application for a proposed at Balloo in Bangor.