Swale Council has granted planning permission to develop the former Thamesteel site at Peel Ports Sheerness to Peel Ports.
The 50-plus acre site will now be developed to support new logistics facilities, which will allow for the handling, storage and distribution of commodities such as automotive, steel and forest products.
Peel expects this to lead to inward investment in the region of £50 million. 200 new jobs are expected to be created as a result.
Paul Barker, port director at Peel Ports London Medway, said: ““Not only will this allow us to breathe new life into a site that has lain derelict for four years, it will also allow us to reconfirm our commitment to the future of the region – creating new jobs and investment opportunities.”