Kangaroo Point on the Brisbane River could soon be a hub for the world's most luxurious superyachts if a government-backed trial is successful.
The Queensland State Government has announced a 12-month trial to bring superyachts to Brisbane, which will see a dedicated mooring buoy built below the Kangaroo Point Cliffs.
The trial, expected to commence mid-2020, will test whether a permanent superyacht mooring buoy is feasible.
The mooring buoy at Kangaroo Point is part of a state-wide strategy to attract superyachts to Queensland.
The Government expects superyachts to add more than $1.1 billion to gross state product and support nearly 8,000 jobs by 2021.
"We want to maximise the jobs and businesses that superyachts bring with them," says Minister for State Development Cameron Dick.
"We want to attract more superyachts to Queensland and Brisbane, and we want them to stay longer and spend more while they are here."
Maritime Safety Queensland will manage the mooring, including bookings, fees, maintenance, compliance and administration during the trial.
The trial comes hopping hot on the heels of the Queensland Government committing $2 million to build a superyacht berth at The Spit on the Gold Coast.
The funding is a part of the Government's $60 million investment in The Spit master plan, which is expected to boost tourism opportunities and improve the area at the northern end of the Gold Coast.
Construction of The Spit superyacht berth, once all approvals are met, could be completed by October 2020.
Business News Australia