BRISBANE IN WORLD TOP 4 FOR FOREIGN INVESTMENT STRATEGY

BRISBANE IN WORLD TOP 4 FOR FOREIGN INVESTMENT STRATEGY
BRISBANE is fourth out of 53 submitting cities for its foreign investment strategy in the Global Cities of the Future report, released by fDi intelligence, an offshoot of the London based Financial Times.

While Edinburgh came out on top, Brisbane ranked above Perth, the only other Australian city to appear on the list, which took out tenth place.

Queensland's capital has moved up one spot from the last report released two years ago. The publication also placed Brisbane 10th in its overall rankings of 131 cities worldwide for human capital and lifestyle, the third Australian city to secure a position in the top ten, behind Melbourne (1st) and Sydney (4th).

Brisbane's Lord Major Graham Quirk says the city's performance is proof that Brisbane is becoming a more globally competitive city. 

"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," says Quirk.

"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 the winner of two inaugural awards for strategic vision and tourism development, driven by the city's economic development board, Brisbane Marketing.

Brisbane's 2022 New World City Action Plan received the Strategic Vision Award while the city's tourism infrastructure and hotel investment strategy was awarded the Tourism Development Award.

Quirk says that the New World City Action Plan has put Brisbane firmly on the path towards "greater economic growth and prosperity" as the city focuses on key economic priorities and emerging growth sectors.

Quirk also says that Brisbane's tourism strategy will continue to focus on attracting foreign direct investment.

"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," Quirk says.

"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."

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