Glasgow will play host to some of the world's biggest music acts next year after being chosen to stage the 20th MTV Europe Music Awards.

The city will host the awards at the SSE Hydro on Sunday, November 9 2014, it was announced here on Saturday lunchtime in Amsterdam, venue for this year's awards.

The show is expected to generate around £10m for Glasgow's economy and will be seen in 700 million households worldwide.

High profiles names including One Direction, Miley Cyrus, Kings of Leon, Bruno Mars, Katy Perry and comedian Will Ferrell will perform on Sunday at the the Ziggo Dome in Amsterdam.

The presenter and acts performing at the awards in Glasgow will be announced in the run-up to next year's event. The city has already three hosted MOBO awards ceremonies.

Glasgow City Marketing Bureau (GCMB) and EventScotland have worked with MTV to bring the prestigious awards, which will showcase the world's hottest musical acts, to the city. It is the first time that the show has been held in Glasgow.

Councillor Gordon Matheson, leader of Glasgow City Council and chair of GCMB, said: "It has been our ambition as part of Glasgow's major events strategy to attract the MTV EMA for a number of years and I'm delighted that MTV has accepted the city's invitation.

"Glasgow proved to be the ideal destination for MTV Crashes in 2010, when Diddy Dirty Money and a fantastic crowd showed MTV's global audience that Glasgow is a city that knows how to party.

"Since then, we've been working to bring the world's greatest music event to Glasgow and I'm delighted we can today announce the next chapter in this exciting partnership. Hosting an event of the magnitude and international reach of the MTV EMA reinforces Glasgow's enviable reputation as one of the world's leading music cities."

The EMA, which was hosted in Edinburgh in 2003, is the latest major event to join the Homecoming Scotland programme for 2014, which already includes the Commonwealth Games and the Ryder Cup.

Fiona Hyslop MSP, Scottish Cabinet Secretary for culture and External Affairs, said: "2014 is going to be an incredible year for Scotland and it is fantastic news that the MTV EMA will be coming to Glasgow.

"As a Signature Event on the Homecoming Scotland 2014 programme, we will welcome the world to the EMA and showcase Glasgow and Scotland to nearly 700 million households through MTV's global network of channels.

"The awards are a highlight on the global music calendar and next year it is fitting that it should be held in Scotland, the perfect stage for events, in Glasgow's newest venue, the spectacular SSE Hydro."

GCMB and EventScotland have been working with MTV to try to bring the awards to the city in 2014 since 2007.

Bruce Gillmer, executive vice-president of talent, music programming and events for Viacom International Media Networks (VIMN), said: "Each year, the MTV EMA is an amazing, multi-platform music experience for our audiences around the world, presented through a dynamic talent-driven spectacle that only MTV can deliver.

"As one of the world's great music cities Glasgow is always a favourite with artists and the new SSE Hydro will provide the perfect backdrop for the MTV EMA in its 20th anniversary year. We're thrilled that the eyes of the music world will be on Glasgow next year."

David Lynn, executive vice-president and managing director for VIMN, said: "The MTV EMA excites huge interest amongst British music fans, so it's fantastic to be bringing the show back to Scotland.

"The 2003 show in Edinburgh was described as 'the greatest party to be held in Scotland in a thousand years'; now we're looking forward to delivering an even bigger and better experience with the 2014 MTV EMA in what will be a momentous year for Scotland and the city of Glasgow."