Skip links and keyboard navigation

    Media Statements

    Coat of ArmsMedia Release
    Deputy Premier, Treasurer and Minister for State Development and Trade
    The Honourable Andrew Fraser

    Queensland business investment charges to new high

    Deputy Premier, Treasurer and Minister for State Development and Trade
    The Honourable Andrew Fraser

    Monday, October 31, 2011

    Queensland business investment charges to new high

    The latest DAE Investment Monitor released today shows Queensland has soared to an historic high in the value of projects committed or under construction totalling $100.3 billion for the September quarter 2011.

    Deputy Premier and Treasurer Andrew Fraser said the data reinforces the massive investment surge pumping through Queensland’s economy.

    “This kind of phenomenal growth is projected to continue skyrocketing with business investment of 27¾% forecast this financial year,” Mr Fraser said.

    “The value of known investment in projects has also remained at near record highs of $184 billion.

    “The surge in the value of definite projects has been underpinned by private sector resource projects, including the final investment decision from Gladstone LNG proponent APLNG and the commencement of the Curtis LNG project by QCLNG.

    “Queensland’s business community is speaking loud and clear about the state’s first-class investment opportunities.

    “Today’s report follows on from the Deloitte Access Business Outlook earlier this month which predicts the Queensland economy will ‘go from a stroll to a sprint’.

    “The Bligh Government is confident about the state’s future economic prospects and today we see yet another private sector report backing that up.”

    Media contact: 3224 5982