Brisbane ranked fourth among cities vying for foreign direct investment

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Brisbane recently took the fourth spot in a prestigious global ranking of cities vying for foreign direct investment. Queensland’s capital was also ranked in the top 10 worldwide for human capital and lifestyle.

Brisbane moved up one spot to place fourth out of the 53 submitting cities in the “Foreign Direct Investment Strategy” category of fDi Intelligence’s Global Cities of the Future 2016/2017 report. (fDi Intelligence is a division of the London-headquartered Financial Times.)

Ranked number one in that category is Edinburgh, followed by Hong Kong, Chicago, and Brisbane.

This year, Brisbane also placed highly in the publication’s overall rankings of 131 cities worldwide, earning the 10th position for human capital and lifestyle.

“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,” said Graham Quirk, Lord Mayor of Brisbane.
“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 strategy, driven by Brisbane Marketing, the city’s economic development board.

Brisbane’s 2022 New World City Action Plan was honoured with the Strategic Vision Award. Furthermore, 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 [our] city firmly on the path toward greater economic growth and prosperity by focusing on seven key economic priorities and eight promising growth sectors,” 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.”

Related stories:
Foreign Investors Make Up Lion's Share Of CBD Property
Economy, Interest Rates Point To Continued Strength For Australian Real Estate


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