City investment opportunities showcased internationally
Published 01 November 2024
City of Moreton Bay recently presented its opportunities for investment to major businesses, government agencies, and universities in Japan, Singapore and New Zealand.
Meetings with key foreign investors focused on the diverse range and scope of local projects, including a roadmap of government supported major projects, hotel investment opportunities and the City’s own progressive and ambitious economic strategy.
Mayor Peter Flannery emphasised that Moreton Bay is actively shaping its future by creating an environment rich with opportunities and highlighted the ongoing efforts to foster economic growth, improve infrastructure, and enhance the quality of life for residents.
“City of Moreton Bay is proactive in seeking the outcomes we want, and with identified areas of opportunity, we are turning our attention to a strategic pipeline of nine key projects worth roughly a billion dollars,” Mayor Flannery said.
“Our city is primed to welcome and support investment in our priority industries from food and agribusiness, advanced manufacturing, knowledge and innovation industries and tourism, sport and major events, alongside developments that will diversify economic offerings and create jobs for our growing population.”
The 2032 Brisbane Olympic and Paralympic Games, and demand for accommodation, stood out as strong interest areas, with multiple organisations interested in build to rent and residential dwelling opportunities across City of Moreton Bay.
Hotel opportunities were of particular interest for Singapore investors, and food and beverage manufacturing opportunities were keenly received in Tokyo.
City of Moreton Bay has a long-standing connection with Japan through its 30-year friendship city arrangement with Sanyo-Onoda.
Mayor Fujita of Sanyo-Onoda City officially welcomed Mayor Flannery during a visit to the city to bolster education links and investigate potential trade connections.
“Meeting with our friends in Sanyo-Onoda was a special and important event for our two cities, further growing meaningful education and cultural connections including a workshop held between UniSC Moreton Bay and Sanyo-Onoda City University,” Mayor Flannery said.
Mayor Flannery presented Mayor Fujita (Sanyo-Onoda) with his own NRL Dolphins jersey and a locally sourced piece of Indigenous art as a symbol of the vibrance and energy of City of Moreton Bay.
Meanwhile, Deputy Mayor Jodie Shipway presented City of Moreton Bay as Australia’s next hotel and investment hotspot to businesses at the largest hotel investment conference (AHICE) in New Zealand.
Deputy Mayor Jodie Shipway said the opportunity for hotel investment in Moreton Bay was undeniable with strong growth, demand, visitor numbers, investment into key infrastructure, and a runway to the 2032 Olympic and Paralympic Games.
“This means the time to capitalise is now. Moreton Bay is primed for accommodation investment,” Cr Shipway said.
“We are currently able to support 10 additional hotels and 1,500 rooms, and with New Zealand companies looking for growth, we are ready to work with trans-Tasman investors who are keen to take advantage of this amazing opportunity.”
While in Christchurch, the team also met with Mayor Phil Mauger of Christchurch City Council, discussing opportunities such as The Mill at Moreton Bay, the Te Kaha stadium in Christchurch and the new Moreton Bay Indoor Sports Centre.
Deputy Mayor Shipway said that Christchurch and City of Moreton Bay had a lot in common with a similar scale of development, like opportunities, and the determination to capitalise on this for their communities.
Investment attraction is a key element of City of Moreton Bay’s economic development strategy which focuses on attracting new business to grow a $40 billion economy and create 100,000 new jobs by 2041.
Read more about City of Moreton Bay’s economic development strategy here.