Port Douglas rolls out red carpet for investors worth $3.9 trillion
LUXURY JUNKET
INVESTORS collectively worth trillions of dollars will arrive in Port Douglas tonight for a luxury junket accompanied by Queensland Treasurer Curtis Pitt.
The best of the region will be showcased to the international executives from Asia, the Middle East and Europe in a bid to entice bigger investment in Far North Queensland and the rest of the state.
The 38-man contingent, estimated to have combined portfolios of $3.9 trillion, will be taken to the famous Low Isles off Port Douglas, the Mossman Gorge and the Daintree Rainforest on a four-day trip. Their weekends starts at the famous Flames of the Forest dining experience tonight.
Pitt said he hoped they would leave as ‘investment and tourism ambassadors’ selling Tropical Queensland in the international marketplace.
“These global investors will leave the tropics fully informed about Queensland’s strong economic and fiscal position and our nation leading growth,” Pitt said.
“Delegates will have opportunities to experience our renowned eco-tourism offerings including the Low Isles on the Great Barrier Reef, the Ngadiku Dreamtime Walk, cruising the Daintree River and getting up close and personal with some native Australian wildlife.”
Pitt will outline Queensland’s significant potential to the group of key international investors, as part of the Commonwealth Bank’s Australasian Fixed Income markets for global investors.
He said Queensland Treasury Corporation’s (QTC) partnership with the CBA would provide delegates with a stronger grasp of investment opportunities in the state, along with hands-on tourism experience in the Douglas Shire.
“The lower Australian dollar, growing confidence, resurgent tourism sector and economic growth means international investors are looking directly at Queensland right now,” Pitt said.
“The delegates visiting Queensland are primarily fixed income investors from central banks, commercial banks, pension fund managers, life insurance companies and asset management companies with combined assets under management estimated to be worth in excess of US$3 trillion.”
