Jul 20 2011 |
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Melbourne is now even more attractive for businesses from the Middle East
Voted one of the 'Best New Cities for Business'
Melbourne was praised for its strength in R&D in sectors such as Biotech as well as its availability of affordable industrial land and world-class port. Particular mention was given to the city's diverse labour pool, noting that a third of Melburnians were born overseas.
The announcement comes shortly after a new tax scheme was implemented that will benefit research and development firms carrying out R&D activities through a permanent establishment in Melbourne or the State of Victoria.
Australia is home to eight Global 500 companies and half of those are headquartered in Melbourne: BHP Billiton, National Australia Bank (NAB), Australia & New Zealand Banking (ANZ), and Telstra. On top of this, there more than 100 other Global 500 companies with a presence in Victoria, spanning sectors and countries from Toyota to Nestle and from GlaxoSmithKline to Mercer.
Airline services from the region, including Qatar Airways, Etihad and Emirates Airline all have a presence in Victoria. Companies focused on food and beverage and Information and Communication Technology (ICT) also continue to strengthen ties to Victoria.
John Butler, Victorian Commissioner to Middle East and North Africa, welcomed the article, saying: "This is a wonderful acknowledgement of Melbourne as one of the world's most exciting and innovative places to do business. Melbourne combines a skilled and innovative workforce, world-class infrastructure, and dynamic business environment with one of the highest standards of life in the world making it an immensely attractive location for globalising companies."
The list was compiled by analysing economic data, consulting with business leaders on where they planned to open new offices and factories, and in consultation with Booz & Company to identify emerging innovation hubs. The article and full list can be found at:
http://money.cnn.com/magazines/fortune/global500/2011/hottest_cities/
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About Invest Victoria
Invest Victoria is the investment promotion agency of the State Government of Victoria, Australia, based in Melbourne and across the globe, including Dubai. Invest Victoria provides a single entry point to a range of business and investment services for companies wanting to set up or expand their business operations through foreign direct investment (FDI) in the state of Victoria. For more information on Invest Victoria's services, visit www.investvictoria.com.
About The Victorian Government Business Office (VGBO)
Established in 1997, the Victorian Government Business Office, Dubai (VGBO) is operated by the State Government of Victoria to help promote Victorian trade and investment in the Middle East and North Africa region.
Through a variety of programmes and business initiatives, the VGBO assists Victorian exporters and provides assistance to Middle East and North African regional companies and organisations to source products and services, business introductions and investment opportunities with Victoria.
For more information visit www.invest.vic.gov.au
For more information:
John Rynehart
Director
Four Communications
Mob: +971 (0) 55 980 6679
Email: john.rynehart@fourcommunications.com
© Press Release 2011
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