Brisbane ranked fourth in world for foreign investment strategy
Brisbane has taken out fourth spot in a prestigious global ranking of cities vying for foreign direct investment, and placed in the top 10 worldwide for human capital and lifestyle.
Queensland’s capital moved up one spot to place fourth out of 53 submitting cities in the Foreign Direct Investment Strategy category of the Global Cities of the Future report released every two years by fDi Intelligence – a division of the London-based Financial Times.
This year Brisbane also placed highly in the publication’s overall rankings of 131 cities worldwide, taking out 10th position for human capital and lifestyle – just one spot behind London.
“Placing fourth for foreign direct investment strategy demonstrates that Brisbane is successfully showing the world that our city is economically resilient, supports foreign investors across a range of industry sectors, and is backed by a robust and connected business and government environment,” Brisbane Lord Mayor Graham Quirk said.
“To be ranked within the top 10 globally for human capital and lifestyle is testament to the outstanding education, research, business, employment and lifestyle opportunities that continue to attract and retain talented and skilled people in our great city.”
The publication also named Brisbane winner of two inaugural awards for strategy, driven by the city’s economic development board, Brisbane Economic Development Agency.
Brisbane’s 2022 New World City Action Plan was recognised with the Strategic Vision Award, while the city’s successful tourism infrastructure and hotel investment strategy saw it win the Tourism Development Award.
“The Brisbane 2022 New World City Action Plan has put out city firmly on the path toward greater economic growth and prosperity by focusing on seven key economic priorities and eight promising growth sectors,” Cr Quirk said.
“Brisbane’s hotel investment and tourist attraction strategy focuses on building the tourism and visitation economy by attracting foreign direct investment into infrastructure such as cruise ship terminals, major tourist attractions, and four and five-star hotels.
“More than $10 billion worth of major project and infrastructure work in the pipeline will support greater numbers of tourists who are choosing our progressive and multicultural city for the wealth of unique experiences on offer.
“The latest fDi Intelligence rankings are another indicator that Brisbane is becoming a more globally competitive city which will continue to attract and benefit from foreign direct investment.”