Renewable energy, aerospace investment and even craft beer bars were on the agenda during the Queensland Treasurer’s recent overseas trip to promote Queensland’s investment opportunities.
Treasurer and Minister for Trade and Investment Curtis Pitt spent six days during September leading an international investment roadshow to New York, London and Shanghai.
As well as investor breakfasts with business groups, Mr Pitt spent time in one-on-one meetings with fund managers and companies, including some of the world’s most important players.
‘In New York, I met with BlackRock, the world’s largest funds manager, with US5.7 trillion in assets under management,’ Mr Pitt said.
‘BlackRock has recently invested in renewable energy projects, so I was able to tell them about our Powering Queensland Plan and the government’s strong commitment to a clean energy future.
‘In London I met with Airbus, a leading aerospace industry player, which already has a significant presence in Queensland, to discuss its potential future investment plans.’
Mr Pitt also met with a highly successful Scottish craft brewer during his time in the UK.
‘I had a productive meeting with BrewDog, a craft brewery established in 2007 based on a crowdfunding model,’ he said.
‘The company is now valued at £1 billion and has 45 bars in the UK, western Europe, Japan and the USA.
‘The company is looking to expand to Australia with a local brewery.’
In Shanghai, Mr Pitt met with China’s second-largest asset manager, Ping An Asset Management Company.
Ping An has signed a memorandum of understanding with the Queensland Investment Corporation.
Attracting direct foreign investment to Queensland is one of the key goals of the Queensland Trade and Investment Strategy 2017–2022.
If you would like advice on attracting investment to your Queensland enterprise, connect with TIQ today.