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Investor Presentaiton

FOCUS: North Queensland (continued) Agriculture North Queensland has a strong global reputation as a reliable food supplier. With forecast global food demand expected to rise by 75 per cent by 2050,55 North Queensland can further capitalise on its agricultural strengths (see global megatrends 2 and 4). Current agricultural export products include raw sugar, live cattle, horticulture (including mangoes, avocados, lychees and coffee) and tropical pasture seed. Peanuts and macadamias are also sent to South East Queensland for processing and export. A large fishing industry supplies Asian and domestic markets with fresh and frozen product, while the aquaculture industry produces prawns, barramundi and red claw for local and international markets. North Queensland has the necessary land and water resources to expand Queensland's agricultural production, and importantly, it has the skilled workforce needed to lead the development of new technologies and approaches for increased output. Current action: The Queensland Government is investigating the viability of an aquaculture industry in the Western Cape and Gulf areas. Case study: North Queensland Cobia In 2006 the Queensland Government established a research and development partnership with the university sector and private industry to develop a sustainable way to farm the wild caught Cobia, a subtropical fish. The partnership developed an innovative land-based seawater pond system fed by a constant flow of water from the Coral Sea. The facility produces award winning Cobia sold in Australia and overseas markets. Mineral resources and world-class expertise North Queensland is one of the most richly mineralised regions in Australia. Mining these resources has brought massive benefits to North Queensland's regional centres, as well as being a key contributor to Queensland's economy as a whole. Queensland is a world leader in mining research and development, workforce training, mine rehabilitation, contract service provision and various other fields of innovation. To help ensure that the Queensland resources sector continues to grow and develop as a global resources leader, North Queensland has the opportunity to lead sectorial change in building its knowledge-intensive workforce and creating a global hub for mining innovation. Information technology is key to this sector as it forms the basis for innovation in data acquisition, modelling of ore bodies, selection of mine sites and production operations. Current action: The Queensland Government is actively promoting North Queensland as a major hub for mining and innovation. Mt Isa, Queensland Defence Australia's defence presence in North Queensland is strategically and economically important. Defence locations in North Queensland include: • Weipa (RAAF Scherger); • Cairns (HMAS Cairns); • Townsville (RAAF Townsville, Lavarack Barracks and Ross Island Barracks); and • Rockhampton (servicing the logistical and operational needs of Shoalwater Bay). In addition, the Port of Cairns and Port of Townsville can accommodate naval vessels. The defence sector also makes a significant contribution to the development of North Queensland through the construction and maintenance of facilities and by fostering linkages with the communities. Current action: The Queensland Government is investigating potential infrastructure and logistic improvements in North Queensland to increase domestic and foreign defence activity. Airlie Beach, Queensland Courtesy of Tourism and Events Queensland 48 Queensland Trade and Investment Strategy 2017-2022
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