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A DEVELOPMENT report to be released today will be the “go to” resource for investment opportunities across the region, according to Townsville Enterprise. The development authority will release the report, Opportunity Townsville North Queensland, at a Townsville Bulletin Business Breakfast at Jupiters hotel.
The report finds there are scores of major projects set to begin in Townsville, including a $30 million makeover of the Jupiters hotel and casino and $40 million upgrade of the Townsville Airport, as well as billions of dollars worth of projects which have been completed or have started.
It says year-on-year growth of 2.1 per cent equates to a gross regional product of $12.59 billion.
Townsville Enterprise general manager economic development Tracey Lines said the report was a consolidation of all projects across the region. She said they would be leveraged to attract additional investment.
“What we have developed is a comprehensive resource that will be distributed across the country to showcase the significant level of ongoing investment in the region as well provide investors with a list of potential investment opportunities,” Ms Lines said. “It is very important to showcase not only what we have to offer but also what successes the region has seen in recent times.
Ms Lines said investment into current projects came from both the public and private sectors and was spread across all sectors of the economy including heavy industry, transport and logistics, resources, agriculture, retail, services, health and education and tourism.
“While the region may have experienced a few tough years economically, what this report shows is that the fundamentals of the diverse and dynamic economy this region prides itself on are still there,” she said.
The report will be published twice a year.