Perth, Australia’s Indian Ocean capital, and the capital city of our nation’s largest state, world-famous for its powerful industry, pristine beaches, vast outback and relaxed culture, is the centre point for foreign investors to explore Western Australia’s tremendous dimensions and opportunities.
Perth is the fourth most populous region in Australia with an estimated 1.97 million people. By 2021, this is expected to increase to 2.35 million. Our dynamic and modern city is growing rapidly, ranked by the Economist Intelligence Unit in 2014 as the ninth most liveable city in the world scoring high in education, healthcare and infrastructure.
While WA is recognised as an economic leader in regards to its robust resources sector, other industry sectors contributing to strong growth include agriculture, forestry and fishing, and construction.
WA’s consistently reliable business environment has solidified Perth as the central location for a number of some of the world’s largest corporations including Chevron, Woodside Petroleum, BHP Billiton, Rio Tinto and Wesfarmers – all with offices in the city centre.
Perth has more ASX listed companies headquartered in its city than any other capital city in Australia, despite its smaller geographic footprint.
Our city shares the same time zone as 60 per cent of the world’s population, making downtown Perth an international hub for trading with Singapore, Shanghai, Hong Kong, Kuala Lumpur and Taipei with many foreign companies setting up their Australian headquarters in our CBD.
Our local workforce is highly skilled, educated and productive, and companies have no trouble attracting workers to our sunny shores. There are many lifestyle and educational opportunities available, and expatriate families never feel too far from home in Perth’s vibrant, multicultural community.
In 2013-14, WA’s Gross State Product (GSP) was $265 billion – contributing 17 per cent of Australia’s gross domestic production.
GSP is forecast to rise 2.75 per cent in 2014-15 and 3 per cent in 2015-16.
Our ambition is to shape Perth as a stronger and smarter working capital city with a keen focus on knowledge and technological-based providers and progressive business practices.
Perth is undergoing large-scale capital works projects which will progress the city dramatically over the next ten years.
This will include physical transformations to Perth’s urban landscape with major developments such as Elizabeth Quay, City Link and Riverside creating new entertainment, commercial, retail and residential precincts, as well as further driving economic growth, employment and stimulating commerce in all industry sectors.
We recognise your economic investment is a key factor in the shaping of our city.
Our ongoing transformation reflects the growing global importance of our city and our commitment to providing further opportunities for investors.
Perth is a world class destination with first-rate facilities and many exciting opportunities to offer.
As a local government authority we are committed to ensuring businesses, residents and visitors have access to the best services and provisions in all sectors of commerce and industry, now and into the future.
Lisa M. Scaffidi
The Right Hon. the Lord Mayor
City of Perth, Western Australia