The Berry Street meeting rooms in Aberdeen are in a three-storey 1950s office building, which has recently been refurbished to a high specification. It is in a prominent and convenient location in the heart of Aberdeen's busy and thriving retail and business area and close to all amenities. The off-shore oil capital of Europe, Aberdeen is known for its outward looking, pioneering spirit. Over the last 30 years, the city has reinvented itself from a regional port dependent upon fishing, farming and tourism, to become the centre of the UK's energy industry and one of Europe's most enterprising regions. It boasts the second highest rate of business formation and the highest concentration of knowledge based businesses in Scotland and is a founding member of the World Energy Cities Partnership. Other important sectors in the city's economy include tourism and distribution, the public sector, financial services, manufacture, agriculture and food processing, IT and construction.