Investor Presentaiton
Objective 3
Attract
job-creating
investment
Increased investment in Queensland's
businesses, infrastructure and
innovative practices will drive jobs and
economic growth.
Priority 6 Facilitate
investment
Priority 7 Promote investment
in infrastructure
Priority 8 Pursue investment
in innovation
38 Queensland Trade and Investment Strategy 2017-2022
Priority 6 6 Facilitate investment
Investment will continue to be vital to maintaining Queensland's strong economy and creating
employment. However, the global investment environment is changing, requiring the adoption
of new and innovative ways of doing business.
Supporting investment attraction
To encourage investment in the state, the Queensland
Government provides firms with a variety of services including:
• detailed industry knowledge about business costs;
• preparation of business cases;
• arranging site visits;
introductions to industry and service providers;
⚫ government liaison; and
⚫ market intelligence.
The Queensland Government partners with local councils,
economic development agencies and private service
providers to assist in the identification and development
of particular investment-ready projects. The Queensland
Government works closely with Austrade to co-host
international investors on visits to the state and promote
projects to potential investors.
In addition to smaller scale private investment, the
Queensland Government regularly hosts institutional
investors and actively promotes Queensland projects for
investment to these firms.
Current action: The Queensland Government's
$40 million Advance Queensland Industry Attraction
Fund encourages firms to either relocate to Queensland
or establish new projects.
In a competitive international marketplace,
Queensland needs to stand out, boldly showcasing its
advantages and encouraging the flow of high-quality FDI.
New initiative: Develop a Queensland prospectus for
international investors.
Coordinator-General
The Queensland Government Coordinator-General (CG)
drives economic development projects and programs across
Queensland. The CG has wide-ranging powers to plan, deliver
and coordinate large-scale projects, whilst ensuring their
environmental impacts are properly managed.
These powers have been used to assess major projects in a
broad range of industries including mining and petroleum,
aviation, tourism, water infrastructure and transport, as well
as to acquire land for infrastructure corridors and projects.
Case Study: Queensland's CSG-LNG sector
Queensland's CSG and LNG sector has grown into a
global-scale, world-leading export industry in a short
period. The US$60 billion in capital expenditure that has
taken place since 2010 to develop gas fields and LNG
export infrastructure has had a significant effect
on Queensland's economy.
The CG:
• assessed the gas field development, pipeline and LNG
plant projects, and stated conditions for their approval;
• secured land on Curtis Island for the establishment
of liquefaction, processing and offloading facilities
in the Port of Gladstone; and
• provided State Development Area access corridors
for gas transmission pipelines near Gladstone.View entire presentation