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Doing business with
Western Australia
ENERGY & MINING
About Western Australia
date, reached 840 billion cubic metres with future
Western Australia, with a population of less than discoveries predicted. The State’s capital city, Perth,
2.2 million, covers a vast area of 2.5 million square is also a major centre for petroleum and sub-sea
kilometres and has a coastline stretching more than exploration expertise. A growing number of international
12,500 kilometres. companies are choosing the city as the base for
The State’s capital, Perth (population 1.5 million), operations in the Asia Pacific.
is a beautiful, clean, safe city, located over a thousand
kilometres from the mines, oil and gas fields of the major
New business opportunities
mineral province – the Pilbara. Beyond Western Australia’s predominant resources
Rated the world’s fifth most liveable city by the industry, the State also offers new business opportunities
Economist Intelligence Unit, Perth is a green and tree- in the education, training, services and technology sectors.
filled city built around a magnificent river, and along a The State’s educational institutions attract more
coastline of white sandy beaches and clear blue waters. than 49,100 students from overseas destinations.
Western Australia’s Gross State Product per capita Western Australia currently holds the fourth largest
income at current prices in 2007-08 was A$73,683, the student population in Australia, 8 per cent of those are
highest of any other Australian State and well above the international students. Popular areas of study include
national average of about A$53,523. management, commerce, engineering, information
Western Australians enjoy high living standards, technology, language and culture.
quality housing as well as world-class education and High standards of research and teaching in Western
health services. The State’s industry also operates to Australia’s universities and vocational institutions also
high environmental and safety standards. help to support the development of the State’s world-
class industries and services.
Planning for the future
A wide range of advanced management, engineering,
Renowned for its strong performing resources sector, information and industrial expertise and technology is
Western Australia is a reliable and competitive source of behind Western Australia’s success as a major global
high quality minerals and petroleum. resources producer and exporter.
The State is preparing for future growth, with a wide This has developed through meeting the challenges
range of new resources being developed including rare of finding, extracting and shipping resources at
earths, lithium and uranium. competitive prices from remote locations in hostile
A A$4 billion deep water port, rail and industrial land landscapes and deep off-shore waters.
project, currently underway at Oakajee, will also help to Western Australia is a mineral and petroleum rich
service the resource rich Mid-West region. State with a proven track record of successful resource
In the petroleum arena, natural gas reserves of up projects and strong economic growth which is forecast
to 4,480 billion cubic metres have been discovered to continue in these sectors in the medium to long term.
in Western Australia and are among the 10 largest However there are many more reasons to invest in
resources in the world. Western Australia including:
Large investments into new gas production and l A skilled and productive workforce;
liquefied natural gas (LNG) processing are also underway l An outwardly focused business culture;
or under consideration, and will more than treble l Low sovereign risk and pro-development government
Western Australia’s annual LNG production capacity. policies;
This is currently 16.3 million tonnes or about 10 per cent l Close proximity to expending markets in Asia;
of the world’s production. l Comprehensive air, land and sea transport systems
Western Australia is also planning for a new for people and freight; and
LNG precinct, which will enable the development of l An attractive lifestyle for international investors with
major new gas fields in the Browse Basin, located its open, relaxed and multicultural environment.
off the State’s far northern coast. The area has
revealed reserves of natural gas, which have, to www.dsd.wa.gov.au/investinwa
74 INVEST IN AUSTRALIA – INDIA
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