INVEST IN AUSTRALIA S WEST

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Allyson Booker
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1 INVEST IN AUSTRALIA S WEST

THE EXTRAORDINARY STATE OF WESTERN AUSTRALIA Western Australia Capital city: Perth Population: 2.3 million Area: 2.

WA covers five climatic zones. The South West is one of the world s 25 biodiversity hotspots. Welcome to Western Australia. It s a big place. Big on opportunity; and big on optimism.

5 million square kilometres cover a third of the country; and its 12 900 kilometre coastline is surrounded by two of the world s biggest oceans; the Indian Ocean and the Southern Ocean. 2.

2 THE EXTRAORDINARY STATE OF WESTERN AUSTRALIA Western Australia Capital city: Perth Population: 2.3 million Area: 2.5 million square kilometres ( square miles) Coastline: kilometres Time zone: GMT + 8hrs WA averages more hours of sunlight per year than any other state in Australia. WA covers five climatic zones. The South West is one of the world s 25 biodiversity hotspots. Welcome to Western Australia. It s a big place. Big on opportunity; and big on optimism. The largest of Australia s states, Western Australia s 2.5 million square kilometres cover a third of the country; and its kilometre coastline is surrounded by two of the world s biggest oceans; the Indian Ocean and the Southern Ocean. 2.3 million people from over 190 different countries call Western Australia home. Western Australia lies in a similar time zone with the world s most populous and dynamic economies and it is closer to Indonesia than it is to Sydney. Western Australia is a truly extraordinary place. It enjoys a thriving economy, its geography is unique compared to anywhere else in the world, and it offers untold opportunity, whether for business or pleasure. 2 3

China Part of the Indian Ocean Rim group of countries and cities Flying time to Singapore: 5 hours Average annual rainfall: 855 millimetres Mean temperatures: Max 24.

3 Perth Population: 1.7 million Distance to Sydney: km Distance to Jakarta: km Distance to Singapore: km Distance to Hong Kong: km Distance to Mumbai: km Closest Australian city to India and China Part of the Indian Ocean Rim group of countries and cities Flying time to Singapore: 5 hours Average annual rainfall: 855 millimetres Mean temperatures: Max 24.4 Celsius, Perth is Australia s western capital. Its relaxed, outdoor lifestyle makes it one of the most liveable and enjoyable cities in the world. (Officially, in 2011 it ranks as the eighth most liveable, according to London s The Economist magazine). Perth has a Mediterranean-style climate with around hours of sunshine every year. It s home to three-quarters of the people who live in Western Australia. Beautiful beaches and the crystal-clear waters of the Indian Ocean are just a 15 minute drive from the city centre. Perth s proximity to many Asian countries and its sharing a similar time zone to them, explains why it is now Australia s fastest growing economy. It s a modern, efficient and advanced city, and a wonderful place to live and work. MUMBAI km SINGAPORE km HONG KONG km BIG CITY Min 12.7 Celsius 4 5

BIG FUTURE The Perth Waterfront Project is bringing The Perth City Link Project will the majestic Swan River into the heart of reconnect the city centre with Northbridge the central business district.

4 BIG FUTURE The Perth Waterfront Project is bringing The Perth City Link Project will the majestic Swan River into the heart of reconnect the city centre with Northbridge the central business district. It will transform for the first time in more than 100 years the area into a vibrant, round-the-clock hub by putting public transport infrastructure of activity. The plans include a mix of civic, underground to deliver a new destination commercial, residential, retail, education for the city. and cultural areas. Perth will enjoy improved connectivity Investment required: A$2.6 billion through the city, access to public transport, Project size: 10 hectares increased residential, retail and commercial opportunities, and new public open spaces. The Perth Riverside Project will provide a stunning entry statement into the east Investment required: A$3 billion of the city. It will be a bustling place with Project size: 13.5 hectares entertainment, commercial, retail, hotel and residential uses, which take advantage of its unique location on the banks of the Swan River. Estimated total project costs: A$2.6 billion Project size: 40 hectares The Perth Cultural Centre is transforming this inner-city precinct into an exciting new destination for locals and visitors. The area houses Perth s major learning and cultural venues including the Western Australian Museum, State Theatre Centre, State Library of Western Australia and Art Gallery of Western Australia. Project size: A$11 million 6 Photo courtesy of Department of Planning 7

The WA economy Gross State Product (GSP) per capita: A$81 159 GSP: A$184 billion (2009/2010) Current value of iron ore production: A$48.5 billion Current value of petroleum production: A$22.

5 The WA economy Gross State Product (GSP) per capita: A$ GSP: A$184 billion (2009/2010) Current value of iron ore production: A$48.5 billion Current value of petroleum production: A$22.9 billion Current value of gold production: A$7.8 billion Current annual value of agriculture, Western Australia is the powerhouse driving Mineral resources and oil and gas form the Australia s economy and a proudly export- backbone of the State s economy, but equally focussed state. Although the State has important are the infrastructure and service only 10 per cent of the nation s population, industries which support the mining and it produces a staggering 46 per cent of exploration taking place. Australia s total merchandise exports. Agriculture covers more than 100 million Over the past 10 years, Western Australia hectares and 75 per cent of production is has been the country s fastest growing exported. Perth s Fremantle Port is the State s economy. The State s economy has grown largest general cargo port and its container at a steady 4.4 per cent - a rate that s trade has grown at an average of 8.4 per cent expected to continue. Perth hosts the a year over the past 20 years. fisheries and forestry production: regional headquarters for several international A$6.1 billion companies, such as Rio Tinto, Chevron, B I G B U SI NESS AngloGold Ashanti and BHP Billiton. 8 Photo courtesy of Fortesque Metals 9

BIG PROJECTS Western Australian projects Western Australia s exports in 2010-11: A$112 billion Western Australia s iron ore exports in 2010-11: A$56.

6 BIG PROJECTS Western Australian projects Western Australia s exports in : A$112 billion Western Australia s iron ore exports in : A$56.8 billion The A$43 billion dollar Gorgon Gas Project will provide enough fuel to power a city of 1 million people for 800 years. The Gorgon Project is a joint venture between Chevron, ExxonMobil and Shell. The WA Government recently announced the A$30 billion Wheatstone Project near Onslow. Ord River Irrigation Project will release Western Australia openly welcomes foreign investment that encourages the development of its valuable natural resources. In Western Australia, there are advanced resource projects worth A$107 billion underway, with further projects worth A$194 billion at the planning stage. The biggest resource project is the Gorgon Liquefied Natural Gas Facility at Barrow Island in the State s north-west. It s the largest investment of its kind in Australia and is worth A$43 billion. In the East Kimberley Region, there s a A$415 million joint State and Australian Government initiative to double the Ord irrigation area. By developing a further hectares of land, it will turn the area into a world-class irrigated agricultural precinct. The State Government is also developing the Browse Liquefied Natural Gas Precinct to maximise benefits to the local community from the development of the highly prospective Browse Basin. The basin has estimated gas reserves of 35.2 trillion cubic feet. The foundation project for the precinct is valued at approximately A$30 billion hectares of agricultural lots on completion. 10 Photo courtesy of Woodside Energy Ltd 11

Big infrastructure The Western Australian Government is In addition, the State Government is investing working closely with the private sector to A$5 million dollars in the development of facilitate

7 Big infrastructure The Western Australian Government is In addition, the State Government is investing working closely with the private sector to A$5 million dollars in the development of facilitate the development of new resource key industrial estates throughout Western projects and further develop industry Australia to support major projects and infrastructure. industrial investment. The new Oakajee Port worth over A$5 billion The Wheatstone Project was recently Area includes a multi-user port and land will provide an export port for the burgeoning announced by the State Government and areas which will be completed in magnetite iron ore industry in the Mid-West major proponents. The project has and will have an initial capacity of 45 million already resulted in A$32 billion worth of tonnes per annum. investment, and will become the nation s Anketell Port export potential: 350 million tonnes per annum Anketell precinct: hectares of industrial land available The Ashburton North Strategic Industrial Oakajee Port project is expected to be completed in Oakajee Port start up capacity: 45 million tonnes per annum 45 MILLION TONNES The State is also involved with the new largest gas precinct. A$4 billion Anketell multi-user, multi-commodity, BILLION INVESTMENT deepwater port and industrial area which will OAKAGEE provide export infrastructure support to iron ANKETELL ore producers in the Pilbara. ONSLOW 0 12 B I G I NFR A ST R U CT U R E 1 A$5B A$4B A$1.5B Photo courtesy of Chevron 13

B IG ON EDU C A T ION Education Western Australia has five world-class In 2005, the Nobel Prize for medicine and for universities four in the State capital, Perth physiology went to Barry Marshall

8 B IG ON EDU C A T ION Education Western Australia has five world-class In 2005, the Nobel Prize for medicine and for universities four in the State capital, Perth physiology went to Barry Marshall and Robin among the world s top 100 universities. and one in nearby Fremantle. Like all Western Warren - both professors at the University of Murdoch University is one of Australia s leading Australia s academic institutions, the Western Australia. research and teaching universities. universities have strong links with industry Curtin University is WA s largest university and well-established relationships with other The University of Western Australia is ranked and specialises in applied engineering and business studies. Edith Cowan University is the home to the Western Australian Academy of Performing Arts (WAAPA) a leader in this field of study. Notre Dame University is a sister university to Notre Dame in the United States. academic institutions around the Asia-Pacific and Indian Ocean regions. State Government agencies are also leaders in innovation. Through research and international collaboration they play a leading role in advanced food security, Western Australia s universities work at the environmental management, public health, forefront of science and technology and education and transport. are heavily involved in pioneering research projects including medical science, renewable energy, high-speed computing, desalination, marine science, minerals and petroleum, radio astronomy and agriculture. Western Australia s wide range of schools, vocational institutions, English language colleges, and cultural and economic ties in the region make it a popular destination for international students and overseas business professionals seeking to advance their knowledge. 14 Photo courtesy of Notre Dame University 15

9 A big global village 12 per cent of Western Australians speak a language other than English at home (the most common is Italian). The Whadjuk Noongar people have lived near Perth s Swan River for over years. Western Australians follow over Perth is a true global village; a multicultural metropolis with people from over 190 countries speaking 270 different languages. Three per cent of the State s population are Aboriginal, 27 per cent of the Western Australian population were born overseas, and almost half have at least one parent who was born overseas. As you d expect from a place made up of such a variety of people, Western Australia has a vibrant culture and arts scene. The State produces an extraordinary range of musicians, actors, artists, writers, designers, filmmakers and others from the creative industries, many of whom now showcase their talents in spotlights around the world. BIG GLOBAL VILLAGE 100 different religions. Western Australia is home to one of the world s oldest Indigenous communities. This diverse mix of languages, cultures and international relationships makes Western Australians open and responsive to business opportunities both in the region and around the world. 16 Photo courtesy of UWA 17

B IG P L A N S Western Australia s warm, friendly and enviable The State s strong public finances, triple A credit lifestyle and geographical proximity to the key rating and sound financial systems,

10 B IG P L A N S Western Australia s warm, friendly and enviable The State s strong public finances, triple A credit lifestyle and geographical proximity to the key rating and sound financial systems, are among growing markets of Asia, combined with its the most successful in the world. There s an sophisticated, profitable and globally-orientated abundance of land and opportunities to invest in economy, makes it the ideal business destination. resources, research and development, science, The State offers a commercial environment which actively encourages growth and prosperity. A So think big. Think Western Australia. Education infrastructure expenditure: A$1.6 billion Water infrastructure expenditure: A$3.6 billion Energy infrastructure expenditure: A$4.2 billion to its highly entrepreneurial culture. Western development, and a highly-skilled workforce. Health infrastructure expenditure: A$4.5 billion legal and regulatory processes contribute government policies, which actively encourage agriculture, services, manufacturing and tourism. stable, supportive government and transparent Australia also has low sovereign risk, innovative State government investment 63% No wonder it s home to over 63 per cent of Australia s resource development projects. DELOITTE ACCESS ECONOMIC S INVESTMENT MONITOR, The West Australian 19

11 Investment and trade support Investment and trade opportunities are supported and developed by the Department of State Development, Western Australia. The Department has extensive experience and networks throughout international markets and can expand market opportunities by encouraging productive relationships between supply chain customers, government and industry organisations. The Department of State Development assists businesses and organisations to capitalise on international export and investment opportunities. With the support of eleven independent international offices located around the world the Department offers a wide range of trade and investment services. The Department: assists Western Australian exporters with overseas markets advises on market entry strategies identifies business opportunities in established and emerging markets represents Western Australia s strategic interests in trade development and free trade agreements facilitates inbound investment arranges customer fact finding missions provides statistical, trade and market analysis coordinates Government approval processes advises on Government incentive schemes. Contacts Department of State Development Level 6, 1 Adelaide Terrace, East Perth Western Australia, 6004 Telephone: dsd@dsd.wa.gov.au Website: Trade and Invest Hotline: (9.00am 5.00pm GMT) thinkbig@dsd.wa.gov.au Website: Nathan Backhouse - Director International Trade and Investment Telephone: nathan.backhouse@dsd.wa.gov.au Sonia Grinceri - General Manager Overseas Markets Telephone: sonia.grinceri@dsd.wa.gov.au This document is available on request in alternative formats such as large type, audio tape, USB drive or Braille. October 2011 Department of State Development. Cover image by Carly Donohue EUROPE Sarah Woods Manager Europe Telephone: sarah.woods@dsd.wa.gov.au London contact: Kerry Sanderson Agent General Government of Western Australia Telephone: Facsimile: kerry.sanderson@wago.co.uk INDIA John Shute Manager India Telephone: john.shute@dsd.wa.gov.au Mumbai contact: Peter Forby Regional Director Western Australian Trade Office Telephone: Facsimile: peter.forby@dsd.wa.gov.au INDONESIA Richelle Gornik Manager South East Asia Telephone: richelle.gornik@dsd.wa.gov.au Jakarta contact: Martin Newbery Regional Director Western Australian Trade Office Telephone: Facsimile: martin.newbery@dsd.wa.gov.au JAPAN Richelle Gornik Manager Japan Telephone: richelle.gornik@dsd.wa.gov.au Tokyo contact: Craig Peacock - Commissioner North Asia Agency Government of Western Australia Tokyo Office Telephone: Facsimile: craig.peacock@wajapan.net Kobe contact: Noriko Hirata Regional Director Government of Western Australia Kobe Office Telephone: Facsimile: noriko.hirata@wajapan.net MALAYSIA Richelle Gornik Manager South East Asia Telephone: richelle.gornik@dsd.wa.gov.au Kuala Lumpur contact: Verghese Jacob Regional Director Western Australian Trade Office Telephone: Facsimile: verghese.jacob@dsd.wa.gov.au MIDDLE EAST John Shute Manager Middle East Telephone: john.shute@dsd.wa.gov.au Dubai contact: Pankaj Savara Regional Director Western Australian Trade Office Telephone: Facsimile: pankaj.savara@wato.ae CHINA Ngor Tan Manager Greater China Telephone: Fax: ngor.tan@dsd.wa.gov.au Shanghai contact: BJ Zhuang Regional Director Western Australian Trade and Investment Promotion Telephone: Facsimile: BJ.Zhuang@westernaustralia.cn Hangzhou contact: William Wang Representative Western Australian Trade and Investment Promotion Telephone: Facsimile: william.wang@westernaustralia.cn SOUTH KOREA Richelle Gornik Manager South Korea Telephone: richelle.gornik@dsd.wa.gov.au Seoul contact: Jean Ough Regional Director Western Australian Trade and Investment Office Telephone: Facsimile: jean.ough@dsd.wa.gov.au Acknowledgements The Department of State Development gratefully acknowledges contributions from the Department of Culture and the Arts, Department of Premier and Cabinet, Tourism WA, Office of Multicultural Interests, Department of Regional Development and Lands, East Perth Redevelopment Authority, Department of Training and Workforce Development, Department of Agriculture and Food, Department of Mines and Petroleum, Small Business Development Corporation, Department of Commerce, Department of Education Services, Department of Planning, City of Perth, WA Department of Fisheries, Department of Environment and Conservation, Wine Industry Association WA (Inc.), Department of Sport and Recreation and the Department of Transport. Disclaimer This publication has been prepared by the Department of State Development with information taken from a range of sources and is believed to be reliable and accurate at time of publishing. The authors have endeavoured to provide a representation of Western Australian lifestyle and industry however the publication is not intended to be an exhaustive or comprehensive list of information about Western Australia. This document is available on request in alternative formats such as large type, audio tape, USB drive or Braille. October 2011 Department of State Development.

Perth WESTERN AUSTRALIA. Prosperity Energy Opportunity

Perth WESTERN AUSTRALIA. Prosperity Energy Opportunity Perth WESTERN AUSTRALIA Prosperity Energy Opportunity 1 Feel the Energy Image: View of central Perth from South Perth Courtesy of Tourism Western Australia Perth is Western Australia s Capital City; a