Reasons to invest Queensland Australia

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Reasons to invest Queensland Australia
Queensland Australia
Reasons to invest
Reasons to invest Queensland Australia
Queensland AUSTRALIA                                                    Getting started
                                                                        Contact our specialist team and make Queensland your
Be part of our opportunity                                              opportunity for business, trade and investment.
                                                                        Our global network of Trade & Investment Commissioners and Regional
Trade & Investment Queensland                                           Advisers have extensive knowledge of the Queensland investment
Queensland offers investors endless opportunities across a              environment and substantial experience helping international investors
range of sectors. These opportunities come from our unique              invest in and work with companies in Queensland.
combination of a resilient and diverse economy, pro-business            We look forward to assisting you in becoming a part of Queensland’s
government, solid growth forecast, highly skilled workforce and         enviable lifestyle, pro-business climate and economic success.
a strategic Asia-Pacific location. This unrivalled accessibility
connects us to our Asian trade neighbours, established                  Being positioned on the north-eastern perimeter in a compatible
international markets and rapidly developing investment                 time-zone with Asian countries and other international destinations
hot spots.                                                              makes the state a preferred location for doing business during
                                                                        normal business hours with those in the same time-zone.
Trade & Investment Queensland (TIQ) is the Queensland
Government’s dedicated global business agency with a charter to
help potential investors find and take advantage of the endless
                                                                        Our honour board
opportunities this great state offers. With its headquarters in         Queensland has attracted a diverse range of multi-national
Brisbane, TIQ has representation in 14 markets across the world         companies from interstate and overseas, including:
and in key regional locations.
                                                                        • Antofagasta                        • Komatsu
What we do                                                              • Adani Mining                       • Ludowici
We understand the complexities of investing and provide the             • Alphapharm                         • Nepean
information required for you to make good investment decisions          • Arium                              • Newcrest Mining
in a coordinated approach that saves investors time and money.          • Barrett Burtson                   • OHL
Our specialist investment team provides a range of business                Malting Company                   • Petrofac
and investment services to interstate and international                 • Boeing Australia                   • Primo
investors including:                                                    • Boral                              • Qantas
• detailed industry knowledge about business costs                      • Budget Direct                      • Raytheon Australia
• preparing business cases                                              • Caterpillar                        • Red Hat
                                                                        • Cement Australia                   • Right at home
• arranging site visits
                                                                        • Clough Projects                    • Rio Tinto
• introductions to industry and service providers
                                                                        • Cochlear                           • Salini Spa
• government liaison                                                    • Conymet Duratray                   • Sanofi
• market intelligence                                                   • CSR                                • Schlumberger
• partnering with local councils, economic development agencies and    • DHL Global                         • Seibe Gorman
   private service providers to identify ‘investment ready’ projects.   • Downer Rail                        • Smiths Snackfoods
TIQ also works closely with businesses and investors to maximise        • EADS Australian Aerospace          • SNC Lavalin
business and trade opportunities arising from international             • EGR Plastics                       • Vale
events like the G20 Leaders Summit and the Gold Coast 2018              • Enerflex                           • Virgin Australia
Commonwealth GamesTM to ensure that Queensland’s products
                                                                        • GE Mining                          • Visy
and services are prominently showcased to the world.
                                                                        • Hatch                              • Volvo
                                                                        • Hitachi                            • Youi
                                                                        • IBM                                • YOUR COMPANY HERE
                                                                        • Iplex Pipelines

                   2 Queensland AUSTRALIA | Reasons to invest
Reasons to invest Queensland Australia
How we work
                                                                 Raw materials
                                                                  and supply
                                                                    chain
                                                                                             Transport
                                                                                            and logistics

                                                                                                                State and
                                                                                                                 federal
                                                                                                               government
          Investors
                                                                    TIQ
                                                          • Business case preparation
                                                                                                                     Research and
                                                            • Project facilitation and                                development
                                                              arranging site visits                                  collaborations
                                                             • Making introductions
                                                            to industry and services
                                                             • Government liaison
                                                                and guidance
                Identification
               of ‘investment-
               ready’ projects                                                                                      Real estate

                                     Skills and
                                    recruitment                                                     Regional
                                                                                                    councils

                                                      Industry
                                                                           Infrastructure
                                                       bodies
                                                                            and utilities

All dollar values are AUD unless otherwise denoted.

                                                                                              Queensland AUSTRALIA | Reasons to invest   3
Reasons to invest Queensland Australia
Home
                                                                                                     Significant                            to 25% of
                                                                   World’s largest
                                                                                                     reserves of                           Australia’s
                                                                    exporter of
                                                                                                     proven and                           aviation and
                                                                   seaborne coal
                                                                                                    probable CSG                           aerospace
Opportunity to be                                                                                                                         businesses

part of something big
For more than 20 years, Queensland has led Australia’s economic
growth. Our internationally-renowned agriculture, construction,
resources and tourism industries are complemented by dynamic
and growing knowledge intensive and enabling industries.
These include:                                                                  EUROPEAN TIME ZONE               ASEAN TIME ZONE                AMERICAN TIME ZONE
                                                                                 European Markets               Asia Pacific Markets           North American Markets
• aviation, aerospace and defence
• food and agribusiness
• biotechnology
• digital economy
                                                                                  6pm Brisbane*           12noon Brisbane* - 10am Tokyo        9am Brisbane* - 5pm
                                                                                   - 7am London                                                     New York
• advanced manufacturing and
                                                                               WORKING DAY
Reasons to invest Queensland Australia
Operating environment                                         Gross state product by state
                                                              2001-02 to 2012-13
The business operating environment in
Queensland is also cost competitive.
Queensland offers many advantages
                                                                      Australia*                                                        3.0
to businesses looking to invest and/or
establish a presence in the state:
• lowest payroll tax rate of in Australia
                                                                    Queensland                                                                           4.0
• economical commercial and industrial
   property costs
• skilled workforce and access to                                      Victoria                                              2.6
   world-class training
• low workers’ compensation premiums
                                                               New South Wales                                      2.1
• pro-business government
• sophisticated transport and
   communications infrastructure                                                      0          1              2                   3               4                   5
                                                                                                     Average annual compound growth rate
• strong private sector investment
• stable economic and political systems                         Source: Australian Bureau of Statistics. *Gross domestic product.

• enviable lifestyle.

Strong economy                                                   Resilience to economic cycles
                                                                 May 2013
Queensland’s economy continues to
perform strongly at both a national and                           Switzerland                                                                                                       7.56
international level, with its growth rate
                                                                     Germany                                                                                                 7.17
among the strongest in Australia. On
average, annual growth in Queensland’s                               Australia                                                                                        6.79
economy outperformed the major advanced
economies over the last 20 years, including                                 USA                                                                                     6.63

the United States, the United Kingdom,                                  Japan                                                                                   6.30
Japan, France, Germany, Italy and Canada2.
                                                                      Canada                                                                                    6.30
The state’s reputation for excellence is
complemented by Australia’s international                          Hong Kong                                                                                   6.25
reputation for resilience and foreign
                                                              China Mainland                                                                                   6.25
investor confidence. Australia is one of only
four countries to be consistently rated as                         Singapore                                                                                 6.00
one of the 10 most resilient economies by
the Institute for Management Development                      United Kingdom                                                                      5.44

World Competitiveness Yearbook.
                                                                                  0       1            2        3            4                5          6             7              8
                                                                                                               Average resilience score
                                                                 Note: the higher the score the more resilient the economy to economic cycles.
                                                                 Source: Institute for Management Development

2 Source: Queensland Treasury and Trade; IMF World Economic Outlook 2014.

                                                                                                                          Queensland AUSTRALIA | Reasons to invest                         5
Reasons to invest Queensland Australia
$175b
                                                                                                                                                                   development and
                                                                                                                                                                    infrastructure
                                                                                                                                                                       projects
Opportunity to invest
Ease of doing business                                                                                Australian payroll tax rates
The World Bank’s Doing Business 2013 Report ranked Australia                                          State                      Concession (per annum)                 Basic flat rate
10th overall out of 185 economies for ease of doing business and
                                                                                                      Queensland                 first $1,100,000 exempt                4.75%
2nd for ease of establishing a business - taking an average of just
two days to start a business.                                                                         Victoria                   first $550,000 exempt                  4.90%

Cost advantages                                                                                       South Australia            first $600,000 exempt                  4.95%

Queensland’s low business cost environment benefits from                                              New South Wales            first $750,000 exempt                  5.45%
continual government regulatory reform creating an attractive
                                                                                                      Western Australia          first $750,000 exempt                  5.50%
investment environment.
                                                                                                      Northern Territory         first $1,500,000 exempt                5.50%
Benefits include:
                                                                                                      Tasmania                   first $1,250,000 exempt                6.10%
• lowest rate of payroll tax in Australia
                                                                                                      Source: State and Territory Offices of State Revenue
• competitive labour costs
• economical office rental costs
                                                                                                     Competitive office rental costs
• competitive utility costs.
                                                                                                     Brisbane, the capital city of Queensland, offers some of the most
Tax benefits                                                                                         competitively priced office space nationally and internationally.

Queensland businesses or a group of businesses pay the lowest
                                                                                                       Prime office occupancy costs
payroll tax in Australia at 4.75%. Furthermore, businesses or a                                        September 2013
group of businesses are not required to pay this tax until their
total Australian wages exceed the Queensland threshold of                                              Brisbane                               70.20
$1.1 million per annum. This threshold will increase from 2015                                         Mumbai,
                                                                                                                                              77.42
by $100,000 per annum until it reaches $1.6 million in 2019.                                             India
                                                                                                           Perth                              86.24
The Queensland Government strives to maintain a competitive
tax environment for business; lower than the average of other                                            Seoul,
                                                                                                                                                 97.22
                                                                                                         Korea
Australian States and Territories.
                                                                                                      Singapore                                  98.50

                       Starting a business – time                                                        Sydney                                   104.39
                       2013
                              33                                                                      Sao Paulo,
                                                                                                                                                  105.11
                                                                                                          Brazil
                  30
                                                                                                      New York,                                          120.65
                                    27
                                                                                                             US
                  25
                                            23                                                       London, UK                                                142.71
 Number of days

                  20                                                                                     Tokyo,                                                    154.67
                                                                                                          Japan
                  15                                                                                       Hong                                                                    234.30
                                                     13                                                    Kong
                                                            12
                  10                                                                                             $0            $50           $100            $150           $200      $250
                                                                   8
                                                                           7        6                                                       $US/sq. ft./annum
                   5                                                                                   Note: Data reflects specific areas—not the entire city.
                                                                                                       Source: CBRE Global Prime Office Occupancy Costs Dec 2013
                                                                                             2
                  0
                         China     India   Japan    United OECD   Chile   South   United Australia
                                                   Kingdom                Korea   States

                        Source: The World Bank

                                         6 Queensland AUSTRALIA | Reasons to invest
Reasons to invest Queensland Australia
Cost of living
Queensland’s many regional locations offer attractive strengths
including lifestyle and cost benefits. Brisbane ranks as one of the
most affordable cities to live in around Australia compared with
Sydney, Canberra, Perth and Melbourne.

   Cost of living rankings
   2013

                Tokyo, Japan          1

        Zurich, Switzerland               2

            Hong Kong, SAR                    4

          Sydney, Australia                                    14

                 London, UK                                     15

               Oslo, Norway                                      16

     Singapore, Singapore                                           18

    Copenhagen, Denmark                                                             28

        Canberra, Australia                                                          29

      Melbourne, Australia                                                                    33

             Perth, Australia                                                                      36

        Brisbane, Australia                                                                                  40

                                 0        5       10      15        20     25       30        35        40        45   50
                                                                Ranking
  Note: Selected cities displayed in graph. A higher score indicates greater affordability.
  Source: Xpatulator Cost of Living Rankings

   “Queensland is an ideal choice, it offers
     us a safe and stable business location
     with easy access to Asia Pacific markets.
     What you have is a combination of all
     the right factors for doing business.
     The state has a highly regarded aviation,
      aerospace and defence industry cluster
      with all the main players in one place.”
   David Stilianos,
   General Manager, Sikorsky Helitech

                                                                                                                            Queensland AUSTRALIA | Reasons to invest   7
Reasons to invest Queensland Australia
Industry
                                                                                                           World leaders
                                                               Industry-              gateway training
                                                                                                         in tropical health,
                                                            specific training              in 30%
                                                                                                          agribusiness and
                                                              institutions              of secondary
                                                                                                            environment
                                                                                           schools

Opportunity to access skills

   “Queensland is a good fit for Bechtel because of one of its less
     obvious exports - its people! Queenslanders have historically
     demonstrated leadership within Bechtel Australia and across
     Oceania, but are also in demand far from home.”
   Andy Greig,
   Managing Director, Bechtel

Queensland’s workforce is highly skilled, motivated and employment-ready. Its diversity
and flexibility gives potential investors a broad choice of skilled workers, due to world-class
education and skills training institutions. The state’s population is estimated to double to
around 9.1 million people by 2056 - making our workforce even bigger and better. The state’s
enviable lifestyle and low cost of living also helps companies attract and retain skilled workers.

  Australia’s population growth
  September 2013

            Western Australia

                        Victoria

                   Queensland

            Northern Territory

                       Australia

  Australian Capital Territory

            New South Wales

               South Australia

                      Tasmania

                                   0.0      0.5   1.0     1.5      2.0   2.5    3.0    3.5
                                                        Growth %
  Source: Australian Bureau of Statistics

                         8 Queensland AUSTRALIA | Reasons to invest
Reasons to invest Queensland Australia
Queensland                             The state is
                                                                            exports                           a focal point for                World-leading,
                                                                      world-leading mine                      defence R&D in                     innovative
                                                                       safety practices                         technology,                     horticultural
                                                                          and safety                            training and                      industry
                                                                          technology                            engineering

Opportunity to innovate

   “Brisbane was an obvious choice because of its proximity to
     major projects, strong protection of intellectual property
     and access to world-class engineering talent.”
   Kyel Hodenfield,
   Vice President of Unconventional Resources, Schlumberger

The Queensland Government invests heavily in knowledge-intensive industries, and supports
plans and services for long-term economic development. Australia has uniform national
intellectual property (IP) laws that respect and protect IP rights.
IP legislation reflects international best practice and Australian-based firms benefit from the
most comprehensive protection available. Australia’s modern and effective IP regime ranks
ahead of countries like Hong Kong, the United Kingdom, Japan, China and France.

   Intellectual Property Protection
   (Intellectual Property rights are adequately enforced - score out of 10)

   China mainland                                                           4.45

               India                                                               5.11

              Korea                                                                 5.22

      New Zealand                                                                             6.8

        Hong Kong                                                                                 6.98

             Taiwan                                                                               7.08

              Japan                                                                                      7.77

   United Kingdom                                                                                        7.78

             France                                                                                           7.92

           Australia                                                                                          7.93

                       0          1           2           3       4         5             6   7           8          9
                                                                  Ratings
   Note: 1 = not adequately enforced, 10 = adequately enforced.
   Source: IMD World Competitiveness Yearbook 2013

                                                                                                                         Queensland AUSTRALIA | Reasons to invest   9
Reasons to invest Queensland Australia
In 2012-13,                  Brisbane is
                                                     Australia is on                     the total                   one of the
                                                     track to be the                 throughput of                    largest
                                                                                                                  multi-commodity
                                                    2nd largest global                Queensland                    ports on the
                                                      LNG exporter                      ports was                     eastern
Transportation                                                                            286MT                      seaboard

and logistics
Rail                                                                Ports
Queensland’s large and modern rail system has a global              Queensland has an extensive network of 20 ports along its
reputation for its innovative transport services and its strong     coastline, ranging from small community ports to coal export
safety record. In Queensland, there is close to 10,000 kms of       terminals and a capital city multi-cargo port. There are five port
railway, delivering reliable, environmentally sustainable and       authorities - comprising four Government-Owned Corporations
efficient freight and passenger services. Of this, 2000 kms is      and one private company. Each authority has a board of directors
dedicated to an interconnected coal network, connecting 30 coal     and operates as a commercial entity. They are:
mines with six export coal terminals via 470 services each week.
                                                                    1. N
                                                                        orth Queensland Bulk Ports Corporation
Road                                                                2. Port of Townsville Limited
Queensland has a modern and efficient urban and regional road       3. Gladstone Port Corporation
network of around 177,000 kms. The Australian and Queensland
                                                                    4. Ports North
Governments have committed significant funding to upgrade and
maintain the state’s highways, keeping this vital network running   5. Port of Brisbane Pty Ltd.
smoothly and reducing transit times.
                                                                    Air networks
                                                                    Queensland has 20 strategically-located major and regional
                                                                    airports and is the only state with four recognised international
                                                                    airports. Brisbane is a major hub for international air services.
                                        Four                        Passengers can fly direct from Brisbane to 28 international and
   Developing a                                                     42 domestic destinations.
                                   international
 network of public             airports; air links to
    and private                28 international and
  infrastructure                    42 domestic
                                   destinations

                  10 Queensland AUSTRALIA | Reasons to invest
Queensland’s transport infrastructure

Key
      State Controlled Roads
      State Rail Network                                                                                                                            ! Bundaberg

                                                                                                                                                  p
!     Major Intermodal Terminals
      Proposed gas pipeline
      Gas Pipeline                                                                                                                                                        Hervey Bay

                                                                                                                                                                p
    o

                                                                                                                                                                ! Maryborough

                                                                                                                                                          p
         International Airport

         Domestic Airport
p

                                                                                                                                                                   Gympie
                                                                                                                                                               !
       Trading Ports
                                    Weipa

                                                                                                                                                                            o
                                                                                                                                          Kingaroy
                                                                                                                                                                             Sunshine Coast

                                                                                                                                  p
                                                                                                                                                              Brisbane

                                                                                                                                                                            o
                                                                                                                                                                                Brisbane Multimodal
                                                                                                   Cape Flattery                                                            !         Terminal
                                                                                                                                                      Archerfield !
                                                                                                                                          !                             !   Acacia Ridge Terminal

                                                                                                                                   p

                                                                                                                                                           p
                                                                                                                       Toowoomba

                                                                                                                                                          p
                                                                                                                                                  Amberley

                                                                                                                                                                                       o
                                                                                                                                                Warwick                                    Gold Coast
                                                                                             o

                                                                                                                                            !
                                                                                             !           Cairns
                                 Karumba
                                               Normanton
                                           !                                                                     Mourilyan

                                                                                                                   Lucinda

                                                                                                             !           Townsville
                                                                                                     p

                                                                                                       Charters Towers Bowen
                                                                                                   !                     !                  Abbot Point

                           Mount Isa
                       !           ! Cloncurry                              Hughenden
                p

                                                                        !
                                                                                                                                                          Mackay
                                                                                                                                              !
                                                                                                                                      p

                                                                                                                                                           Hay Point

                                                                                                                                 Moranbah
                                                                                                                             !
                                                               Winton
                                                           !

                                                                            Longreach                                                                                 Rockhampton
                                                                                          Barcaldine                              Emerald                      !             Port Alma
                                                                        !                                    Alpha
                                                                                                                                                      p

                                                                                                                             !
                                                                        p

                                                                                      !
                                                                                                                                 p

                                                                                                         !
                                                                                                                                                                        !             Gladstone
                                                                                                                                                                      p

                                                                                                                                                                                       !            Bundaberg
                                                                                                                                                                                 p
                                                                                                                                                                                       pp

                                                                                                                                                                                            ! Maryborough
                                                                                                                                                          Wandoan                            Gympie
                                                                                                                                                      !
                                                                                                     Charleville                                                                            !
                                                                            Quilpie                !                                   Roma
                                                                                                                                                                                                o o

                                                                                                                                                              Miles
                                                                                                p

                                                                        !                                                             !
                                                                                                                                  p

                                                                                                                                                                            p

                                                                                                                                                          !
                                                                                                                                                    p

                                                                                                                                                                          Toowoomba                 Brisbane
                                                                                                                                                                                 !              !
                                                                                                                                                                            p
                                                                                                                                                                            p
                                                                                                                                                                            p

                                                                                                Cunnamulla
                                                                                                                                                                                                      o

                                                                                            !                                                                                         Warwick
                                                                                                                                                                                  !
                                                                                                                                                               Goondiwindi
                                                                                                                                                           !

°
        0       75      150                300

                     Kilometres
                                                                                                                                       Queensland AUSTRALIA | Reasons to invest                         11
Enviable lifestyle opportunity
Queensland offers a multicultural, friendly and active lifestyle. Some of our biggest
selling points are:
• safe, secure, family-oriented communities that attract and retain talented employees
• a sub-tropical climate with an average of 300 days of sunshine a year5
• world-renowned beaches, national parks, rainforests and tropical reefs,
• established public health and education systems.
Australia’s quality of life rates highly on the world scale, exceeding that of the
United States, the United Kingdom and many of our Asia-Pacific competitors.

  Quality of life
  2013

             Australia                                                                              9.43

             Germany                                                                              9.15

         New Zealand                                                                         8.72

               France                                                                      8.54

                Japan                                                                      8.4

         United States                                                                     8.39

             Malaysia                                                               7.82

     United Kingdom
                                                                                   7.56

               Taiwan
                                                                                 7.14

           Hong Kong                                                      6.54

                Korea                                              5.83

                         0     1     2     3     4      5      6          7         8       9       10

                                                     Ratings

  Note: Higher score equals better quality of life
  Source: IMD World Competitiveness Handbook 2013

5 Source: Tourism and Events Queensland

                         12 Queensland AUSTRALIA | Reasons to invest
Pro-business opportunities                                                     Natural resources
                                                                               Queensland is a highly prospective exploration and operational
Queensland’s growing and resilient economy, supportive                         destination, endowed with diverse reserves of mineral, rare earth
pro-business government, open trade networks and strategic                     elements, petroleum and gas.
Asia-Pacific location provide a world-class environment for
                                                                               Its base metals sector is widely recognised for its world-class
companies to design, build, finance, own, maintain and operate
                                                                               endowment, with more than 100 mines in operation.
major projects and investments.
                                                                               Queensland continues to be a dominant source of natural
The Queensland Government is developing its key sectors of
                                                                               resources investment in Australia and the Asia-Pacific, accounting
food/agriculture, construction and infrastructure, natural
                                                                               for 25% of natural resources derived business in Australia.
resources and tourism. It is cutting regulatory red tape and costs,
and streamlining processes to retain its competitive investment                In 2013, the resources sector achieved record sales of $9.4 billion
edge and assist business in their success.                                     dollars of commodities and directly contributed $38 billion to the
                                                                               Queensland economy.
Complementing the key sectors are strong supply chains,
professional services, enabling technologies and R&D                           In the supply services sub-sector, investment opportunities exist
foundations offering advanced capabilities. As a result we                     at differing degrees across the engineering, procurement and
are attracting investors in:                                                   construction services, depending on the project. Opportunities
                                                                               can also exist in the hard and soft infrastructure (e.g. power/gas
• aviation, aerospace and defence
                                                                               utilises, delivery pipelines, housing/social infrastructure) needed
• food, nutrition and wellness                                                 to facilitate major projects.
• bio-based products and fuels                                                 We are actively attracting investment projects in the areas of
                                                                               unconventional oil and gas, coal, rare earth minerals, alternative
• new-generation clean technologies                                            energy and equipment, and supply chain technologies.
• digital economy.

 Resources and energy projects
 in Queensland6
 Queensland               April 2014 (number)          April 2014 (value $M)

 Publicly
                          18                           23,141 – 26,391+
 announced
 Feasibility stage        57                           74,135

 Committed                16                           75,312

 Completed                4                            2,709

6 Source: Resources and energy major projects April 2014

                                                                                                       Queensland AUSTRALIA | Reasons to invest   13
Construction and                                                                                      Major infrastructure projects
infrastructure                                                                                        Major infrastructure projects seeking multi-billion dollar private
                                                                                                      sector investment include (but are not limited to):
The sector includes construction services, heavy and civil
                                                                                                      • BaT Project (Brisbane underground bus and train tunnel) $5 billion
engineering and building. Engineering construction activity
boomed to almost $40 billion in 2013. This includes roads,                                            • Bruce Highway upgrade
rail, bridges, tunnels, airports, ports, utilities, water and other
major infrastructure.                                                                                 • Queensland Transport proposed major works

Queensland is experiencing growing demand for new and renewed                                         • Toowoomba Range Second Crossing ($1.7 billion) and Projects
social infrastructure including health and education infrastructure.                                     Queensland projects

At the December quarter 2013, the total value of known major                                          • rail opportunities:
investment projects under construction in Queensland was around                                            - Southern Freight Rail Corridor
$100 billion, while a further $88 billion worth of investment
                                                                                                           - Alpha Coal Mine and Rail Project
projects were either committed to or under consideration7.
                                                                                                           - Carmichael Coal Mine and
Queensland currently accounts for around 31% of all civil
construction in Australia.8                                                                                - Surat Basin Rail Project.

The Queensland and Australian Governments welcome foreign                                             • Port opportunities, including the Port of Abbot Point,
investment and are looking to overseas firms to help finance, develop,                                • major tourism infrastructure projects including Queens
operate and reap the rewards from major infrastructure projects.                                         Wharf Brisbane and integrated resort developments
                                                                                                         throughout Queensland.

   Value of construction work done in 2013

                      60,000

                      50,000
                                                             23

                      40,000

           $M         30,000
                                                                                      12
                      20,000

                      10,000
                                                                                                                     ACT

                            0
                                   NSW           Vic         Qld         SA          WA           Tas       NT

                                                   Engineering                    Building

   Source: ABS Construction Work Done, Australia, Preliminary Cat No. 8755.0. Figures in current prices.

7 Source: December quarter 2013 Investment Monitor, Deloitte Access Economics.
8 Source: IBISWorld.

                         14 Queensland AUSTRALIA | Reasons to invest
Life sciences is
                                                                                                                     the study of living
                                                                                                                   organisms like biology,
                                                                                                                      botany, zoology,
                                                                                                                        microbiology,
    “Komatsu made the decision to invest in                                                                            physiology and
    Queensland to meet the growing needs of                                                                             biochemistry
    customers in the Australian marketplace.”
    Sean Taylor,
    Managing Director, Komatsu Australia Limited

Life Sciences                                                                  Food and agriculture
Queensland’s life sciences sector is globally competitive.                     Queensland has the largest area of agricultural land of any
                                                                               Australian state and the highest proportion of land area in the
The sector can meet international challenges and deliver                       country dedicated to agriculture. Agriculture, fisheries and
investment opportunities for organisations that want to                        forestry contributed approximately $14.86 billion in production
commercialise new biomedical, biotechnology, pharmaceutical                    and processing to Queensland’s economy in 2013-14. The sector
and complementary medicine services.                                           includes more than 1400 processing companies.10
Queensland is witnessing the emergence of a vibrant and                        We are actively attracting production, processing, packaging and
connected life sciences hub made up of biotechnology companies                 agricultural infrastructure investment projects. This will drive
and related research institutes. This hub offers investors a strong            investment opportunities in:
commercially-focused research and infrastructure environment, a
suite of collaboration/joint-venture partnership opportunities and             • food and agriculture - R&D with universities, government and
a strategic location to service the Asia-Pacific.                                 specialised companies
It recognises the importance of the life sciences sector in                    • meat and livestock - investment in production, supply, feedlots
responding to the growing demand for health and wellbeing                         and processing
around the world, especially in the Asia-Pacific region.                       • horticulture - fruits, nuts and vegetables, and opportunities to
The government has responded by introducing strategic                             expand production facilities
initiatives to support and encourage investment in science                     • crops - sugarcane, cotton farms and processing facilities
and technology, cutting-edge infrastructure and collaborative
partnerships between research and industry.                                    • seafood - including farming and first-stage processing
                                                                                  and technologies.
Tourism                                                                        Queensland provides an ideal location for value-added operations
                                                                               in food and agribusiness, with a supportive business culture,
Tourism is an integral part of the Queensland economy and                      access to raw materials and sites close to major transport.
contributed $10.93 billion directly to Queensland’s economy
in 2012-139. Queensland offers an exceptional environment for
business, sport and culture. It is not surprising that Queensland
was selected to host major events such as the 2014 G20 Leaders
Summit and the Gold Coast 2018 Commonwealth Games™.

9 Source: Tourism and Events Queensland - Tourism facts and figures Dec 2013
10 Source: Agtmonds 2013-14

                                                                                                       Queensland AUSTRALIA | Reasons to invest   15
Trade &
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                             With representation worldwide, Trade & Investment Queensland has a
                          dedicated team of experts to help you explore global business opportunities.

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     This information pack is provided by the State of Queensland as an information source only. The State of Queensland makes no statements,
representations, or warranties about the accuracy or completeness of the presentations. Attendees should make their own enquiries as to all and any
       matters contained in the presented material and the appropriateness and suitability of any investment to your particular circumstances.
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