More than 200 jobs could be in the pipeline for Fifers.
Retail giants Lidl and Marks and Spencer are keen to have a presence in a revamped Halbeath Retail Park.
Earlier this year plans to expand the park, on the outskirts of Dunfermline, were turned down as councillors tried to protect the town centre.
But park owner, the Royal London Mutual Insurance Society, has drawn up revised plans which will go on show to the public next week.
Royal London Asset Management, which manages the site on behalf of the society, said retail interest in Halbeath was strong, with both Lidl and Marks and Spencer keen to invest in the area.
In the case of Marks and Spencer, the High Street giant is keen to bring a foodhall to the park.
However, a previous application was thrown out by west Fife planning committee amid fears about its impact on town centre retailers.
The society had wanted to develop vacant land on the north east side of the retail park for nine shops and food outlets.
However, Fife Council planning officials said that the proposal was considered to be unacceptable as it would be contrary to the development plan and proposed FIFE plan.
Officers’ recommendations were that it be refused to try to maintain the vitality of the town centre.
It was felt the expanded retail park would end up being in competition with the High Street.
Concerns were also raised about the road network and pedestrian safety.
With the council advocates of the “Town Centre First” principal, many felt the retail park plan would fly in the face of that, although other members were of the opinion it should be approved.
But it was rejected by a narrow five votes to three majority.
The new plans, which will be on show from 4 to 8pm on Wednesday in Halbeath Community Centre, will include Lidl and Marks and Spencer stores and other non-food units.
The revised designs also include a reconfiguration of the car park and traffic safety measures.
Following consultation, a planning application will be submitted to the council.