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A major worldwide financial services company plans to bring 1,200 jobs to Albuquerque's Mesa del Sol development.

Fidelity Investments will build a 200,000 square-foot facility at the planned development in southeast Albuquerque. It is expected to be complete in 2009, a state official with knowledge of the deal confirmed.

Gov. Bill Richardson is scheduled to announce the development at a news conference today in Santa Fe - the second of the week for Mesa del Sol.

On Monday, Schott Solar, a German company, said it will bring 350 jobs to the development.

Schott, based in Mainz, Germany, plans to break ground next month on a 200,000-square-foot manufacturing plant - an initial $100 million investment. The plant will build receivers for concentrated solar thermal power plants and 64 megawatts worth of photovoltaic modules.

Schott officials said the company's investment could grow to $500 million with expansion into an 800,000-square-foot plant employing 1,500.

Fidelity Investments is the largest mutual fund company in the United States and one of the world's largest providers of financial services, serving more than 23 million individuals, according to the company's Web site. Based in Boston, Fidelity employs 44,000 people, with 10 regional centers in the United States and Canada.

Fidelity's decision to locate in Mesa del Sol appears to mark yet another success for Forest City Covington, developer of the nearly 13,000-acre mixed-use development that could one day hold 37,500 homes.

Both Schott and Fidelity fit into Forest City's stated goal of recruiting jobs to the development before building houses.

The developer has said it is specifically targeting employers in the fields of renewable energy, digital media and entertainment, government services and financial services.

Among the companies now operating at Mesa del Sol are Advent Solar, a solar technology firm, and Albuquerque Studios, a full-service film production facility.