QUEENSLAND IN PUSH TO ATTRACT MORE GLOBAL INVESTORS
Published Tuesday, 08 May, 2007 at 05:00 AM
Premier and Minister for Trade
The Honourable Peter Beattie
BOSTON, Massachusetts: Queensland Premier Peter Beattie today showcased the booming Smart State as the AAA-rated business destination of first-choice in a big push to attract global investors seeking healthy returns.
Speaking to a group of prominent Boston-based institutional investors at a gathering hosted by Queensland Treasury Corporation and Deutsche Bank, Mr Beattie highlighted the strength and security of the Queensland economy and the benefits of buying the State’s Australian-dollar bonds.
Buoyed by an already strong interest shown by investors and supported by Australia’s and Queensland’s strong standing in the global market for fiscal management, Premier Beattie detailed the Smart State’s enviable financial and economic position.
“Queensland is recognised globally as one of the most dynamic and fastest growing regions in the Asia-Pacific, and major rating agencies acknowledge our State has one of the strongest AAA-rated economies in the world today,” Mr Beattie said.
Mr Beattie said the State Government was working closely with private industry to create an environment conducive to economic development, and it was already paying off.
“Queensland is experiencing the most sustained period of growth and prosperity ever recorded in the State’s history – stronger than any other in Australia,” Mr Beattie said.
“Our economic growth outstrips the rest of the country with the latest forecasts putting our growth rate for 2006-07 at 4.75% – well ahead of the national average of 2.5%.
“As a result, business confidence in the State is high and we’re attracting strong investment across all industrial sectors, from our traditional industries like mining to our emerging industries such as aviation, aerospace and boat building.”
In 2005-06 some 773 major projects were undertaken or planned across Queensland, covering mining and minerals processing, public transport, roads, rail, energy, ports, water infrastructure, tourism facilities, schools and hospitals.
Mr Beattie said driving much of the development was the State Government’s $80 billion South-East Queensland Infrastructure Plan, as well as its 10-year Blueprint for the Bush which maps out $36 billion of public and private investment to sustain and grow rural and regional communities.
“We are determined Queensland will continue to grow its international reputation as the Smart State where knowledge, creativity and innovation drive economic growth and job creation well into the 21st century,” he said.
“Our Smart State initiatives now amount to more than AUS$3 billion committed or invested in research facilities and research and development funding.”
Organised by Queensland Treasury Corporation, the Boston meeting was part of an ongoing commitment to maintain an open and transparent policy with global, domestic financial markets and investors.
Mr Beattie said the talks also provided a great opportunity to showcase Queensland and its rapidly expanding economy, as well as encourage more investment in the Smart State.
Media Contact: Premier’s Office – (+61) 7 3224 4500
7 May 2007
Speaking to a group of prominent Boston-based institutional investors at a gathering hosted by Queensland Treasury Corporation and Deutsche Bank, Mr Beattie highlighted the strength and security of the Queensland economy and the benefits of buying the State’s Australian-dollar bonds.
Buoyed by an already strong interest shown by investors and supported by Australia’s and Queensland’s strong standing in the global market for fiscal management, Premier Beattie detailed the Smart State’s enviable financial and economic position.
“Queensland is recognised globally as one of the most dynamic and fastest growing regions in the Asia-Pacific, and major rating agencies acknowledge our State has one of the strongest AAA-rated economies in the world today,” Mr Beattie said.
Mr Beattie said the State Government was working closely with private industry to create an environment conducive to economic development, and it was already paying off.
“Queensland is experiencing the most sustained period of growth and prosperity ever recorded in the State’s history – stronger than any other in Australia,” Mr Beattie said.
“Our economic growth outstrips the rest of the country with the latest forecasts putting our growth rate for 2006-07 at 4.75% – well ahead of the national average of 2.5%.
“As a result, business confidence in the State is high and we’re attracting strong investment across all industrial sectors, from our traditional industries like mining to our emerging industries such as aviation, aerospace and boat building.”
In 2005-06 some 773 major projects were undertaken or planned across Queensland, covering mining and minerals processing, public transport, roads, rail, energy, ports, water infrastructure, tourism facilities, schools and hospitals.
Mr Beattie said driving much of the development was the State Government’s $80 billion South-East Queensland Infrastructure Plan, as well as its 10-year Blueprint for the Bush which maps out $36 billion of public and private investment to sustain and grow rural and regional communities.
“We are determined Queensland will continue to grow its international reputation as the Smart State where knowledge, creativity and innovation drive economic growth and job creation well into the 21st century,” he said.
“Our Smart State initiatives now amount to more than AUS$3 billion committed or invested in research facilities and research and development funding.”
Organised by Queensland Treasury Corporation, the Boston meeting was part of an ongoing commitment to maintain an open and transparent policy with global, domestic financial markets and investors.
Mr Beattie said the talks also provided a great opportunity to showcase Queensland and its rapidly expanding economy, as well as encourage more investment in the Smart State.
Media Contact: Premier’s Office – (+61) 7 3224 4500
7 May 2007