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Clean, green, smart Queensland continues to attract investment through its competitive advantages.
State of opportunity Added to this is its strategic location in the Pacific region. The state’s largest trading partner is Japan, and it has strong trading relationships with China, Indonesia, the Philippines, Thailand and South Korea. Queensland’s competitive advantages include:
The green state Eco-sensitive development is no passing fad for Queensland – the state prides itself on being a clean and green environment. Sensible government regulations monitor environmental protection, and require both organisations and individuals to meet licensed conditions, ensuring environmentally safe production and manufacturing practices. Key locations In the far north of Queensland, tropical Cairns sits closer to the cities of the Asia-Pacific region than any other Australian city except Darwin. Well-known as a tourism destination, with the Great Barrier Reef and World Heritage-listed Daintree Rainforest near at hand, Cairns also offers a reliable and talented workforce, efficient transport services to Australia and offshore markets, low business costs and an excellent quality of life. Growing IT and education sectors also exist, while the Cairns Convention Centre is at the heart of a thriving convention industry. Another development area is Gold Coast City, which has reigned supreme as Australia’s fastest growing region for more than four decades. Its fame is based on its position as Australia’s number one tourism destination, but it is also an active area of business activity, the Pacific Innovation Corridor building a critical mass of related firms and industry sectors within specific geographic precincts. Investment opportunities Biotechnology. Australia
is one of the 12 mega-diverse countries on earth, and Queensland
has resources for bioprospecting novel pharmaceuticals, nu-traceuticals
and agricultural chemicals. Tourism. Tourism is Queensland’s second largest industry and largest employer, generating almost A$8bn in revenue annually. An alluring variety of tourism experiences are paired with modern convention centres for business-related tourism. The number of arrivals from the United Kingdom rose 11% in the year to September 2001. Communication and information.
Under the slogan of ‘The Smart State’, Queensland’s
Government has helped create a superior operating environment for
IT companies within Australia. Organisations that have established
design, research and manufacturing functions in Queensland include
Boeing Australia, Hewlett Packard, Oracle, Compaq and Redhat. Energy. The Queensland electricity and gas markets have the potential to be the fastest-growing of any state in Australia. Currently there are around A$10bn of new energy projects in Queensland either under construction or near financial close. Forestry. Opportunities
in forestry include hardwood and softwood plantations to supply
fibre and solid wood products to established and growing market
demands. Established industry is looking towards plantations to
complement natural hardwood forest timbers, while there is extensive
interest in growing hardwood fibre for export. Aquaculture. Marine prawns are spear-heading healthy aquaculture growth – early indications for 2001/2002 anticipated production levels up more than 50% on the previous year. Mining. The state’s copious mineral and energy resources support mining and processing operations in coal, petroleum, base, precious metals, and industrial minerals. There are significant business opportunities for value adding in mineral preparation and end-use applications. The Government is supportive of investments in mining, processing and refining, especially where there is an export component. Service industries In health, rapidly-growing demand for health products and services in the Asia Pacific provides opportunities for companies specialising in health education, design and construction of medical facilities, medical and diagnostic technologies, coordination of international emergency services and pathology services. Additionally, Queensland’s attractive climate and lifestyle have been identified as a key factor in the growing interest in overseas patients seeking treatment in Queensland hospitals followed by convalescence in nearby tourist resorts. Foreign investment The Queensland Government offers a wide range of support services, including:
Websites: Queensland Government Economic information Tourism Queensland |
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The
‘smart state’, the ‘state of opportunity’ –
Queensland has a fondness for its pithy marketing slogans. But they’re
backed by performance: consistently strong economic growth, a triple
A credit rating, the lowest state taxes per capita in Australia
coupled with the lowest payroll tax rate and highest tax-free threshold
in Australia. It was an impressive economic year in 2000/2001: Queensland’s
agricultural production increased to A$7bn, mineral exports rose
to A$9bn, while overseas exports of manufactured goods also increased
substantially to A$4.6bn. 
The
state has exceeded the rest of Australia in terms of economic growth
in nine of the past 11 years, attributing its high levels of economic
activity to high population growth, high levels of private business
investment, continuing growth in exports of goods and services,
and inbound tourism growth.