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Qld out in front with business investment
Queensland is once again leading the nation with a new report
highlighting high levels of investment throughout the
state.
The Deloitte Access Economics December Investment Monitor shows
that the value of projects underway in Queensland is higher than
any other state at $96.1 billion, well ahead of the next closest
of Western Australia on $89.5 billion.
On top of this, known investment projects in Queensland reached
an historic high of $187.9 billion, up $4.1 billion on the
previous quarter.
Deputy Premier and Treasurer Andrew Fraser said the report
confirms the projections outlined in the recent Mid Year
review.
"This report tells us what we already know, that investment here
in Queensland really is booming with more projects on the cards
than any other Australian state," Mr Fraser said.
"As we outlined in the mid year review, business investment in
Queensland is expected to rise by around 35% in 2011-12, stronger
than the 27¾% growth forecast at Budget time.
"On top of the news that we'll be delivering a budget surplus one
year earlier than previously predicted, today's report shows that
the Queensland economy does have a lot to look forward to."
The report also further demonstrates that Queensland is doing its
fair share of heavy lifting for the national economy, it states
Queensland and Western Australia continue to dominate the project
investment landscape, as they have over the past few years.
"New South Wales and Victoria expect to grow by just over 2%,
while Queensland and WA are both in the '4%-plus' club," Mr
Fraser said.
"Because of this heavy lifting Australia is regarded as a
stand-out performer on the international stage in the face of the
fallout from the European crisis.
"Again, today's report confirms something that we already know,
when it comes to attracting investment from the private sector,
Queensland really is the place to be."
Deputy Premier, Treasurer and Minister for State
Development and Trade
The Honourable Andrew Fraser
01/02/2012
Qld out in front with business investment
Permanent Link: Qld out in front with business investment
Publish Date: 01 Feb 12
Executive Building, 100 George Street, Brisbane
Phone: 07 3224 5908
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