The Stockholm region is investing heavily with the intention of becoming a world leader in biomedicine and biotechnology. The new Stockholm BioScience project will create the required conditions for establishing a secure base for biomedical and other research - with up to 8 000 jobs spread among 250 000 square metres - in central Stockholm. The cost of rebuilding the entire area has been estimated as approximately SEK 20 000 million, much of which is accounted for by the Stockholm BioScience project.