The 2014 Ryder Cup will take place at Gleneagles, Scotland, from September 26 to September 28, organisers announced on Tuesday. Europe are the holders of the biennial match between Europe and the United States, having triumphed at Celtic Manor in Wales last October, when the event went into a fourth day for the first time in the tournament's history due to adverse weather. Scotland's First Minister Alex Salmond estimated the Scottish economy would benefit by up to £100million ($156million) from the event, which is to take place in the same year as Glasgow will host the Commonwealth Games. "As the home of golf, Scotland is well placed to host the best Ryder Cup in the competition's history when it arrives at Gleneagles in 2014," said Salmond. "The arrangements for this spectacular event are well under way and I am delighted to announce today that the 2014 event will be held over the weekend of September 26-28. "As well as the hi-tech efforts to reduce water on the greens, the Ryder Cup teams can expect many of the changes - proposed by Jack Nicklaus - to provide a sterner test as they seek glory during the competition." It will be the 40th staging of the Ryder Cup and the second time the event has been held in Scotland. In 1973, the contest was played at Muirfield in East Lothian. The 2012 edition will take place at Medinah Country Club near Chicago next September.