The First and Deputy First Ministers have given a commitment to support efforts to bring a major pharmaceutical company to Derry.
Officials form the Global Pharmaceutical Centre of Excellence (GPCE), are currently considering setting up a plant in Derry which would create almost 300 jobs.
The firm are deciding between Derry and Kerry as the location for the high-tech laboratory facility.
Representatives from the firm, including chief executive Rory Doyle, visited Derry last weekend where they met with First Minister Peter Robinson and Deputy First Minister Martin McGuinness.
The meeting was facilitated by Foyle Sinn Féin MLA Martina Anderson and was also attended by Assembly Speaker William Hay.
At the meeting, Mr Robinson and Mr McGuinness gave a commitment to assist efforts to bring the firm to the city.
GPCE have submitted an outline business case to Invest NI about the plans to locate in Derry.
Officials from Invest NI are currently in Washington lobbying pharmaceutical companies to come to the city.