Thursday, 13 August 2020 Sydney

Premier Colin Barnett encourages to explore opportunities in Western Australia::

Western Australia has experienced a period of unprecedented economic growth in recent year, driven by the rapid expansion of the State's mineral and petroleum sector.

With only 11 per cent of the national population, Western Australia punches well above its weight economically. We produce 51 per cent of Australia's total merchandise exports and account for large shares of the nation's exports to China (71%), South Korea (50%) and Japan (49%).

Western Australia is a world class mineral precinct, producing more than 50 mineral commodities. Our State produces around 30 per cent of the world's iron ore, and will become one of the largest global exporters of LNG over the next few years as major projects come into production.

Our capital city Perth has a global reputation as a services hub for the resources sector, and many investment opportunities exist for downstream processing, services, and research and development.

Historically, agriculture has played a vital role in the State's economy, and there are many opportunities for continued growth and development, leveraging off our Asian neighbours' desire for fresh, safe and high quality produce. Western Australia's agricultural production grew 22 per cent in value last year.

In Perth, and in regional areas, there has been an influx of investment into tourism and hospitality development. Major urban infrastructure projects like the Perth City Link and Elizabeth Quay are creating new places for residents and visitors to work, play and live.

Bordering the Indian Ocean, Western Australia is Australia's gateway to Asia. We share a similar zone with 60 per cent of the world's population, including the most significant emerging economies in Asia.

Western Australia is a safe and stable place to invest. We enjoy an enviable outdoor lifestyle and a Mediterranean climate.

I encourage you to further explore the many opportunities Western Australia has to offer.

Colin Barnett MLA

Premier; Minister for State Development; Science