Home' Commercial : Commercial 2014 Contents 42 SCOOP Commercial Building & Design
estern Australia is blessed with
a stunning natural beauty and
resources that make us the envy of
the region. But it’s not enough and at least on
this point, pretty much everyone in a position of
influence and power agrees!
We need roads, ports, offices, factories,
refineries, hospitals, galleries, museums, schools
and areas for public entertainment and the
arts. The investment we make today in
infrastructure, commercial building and design
will shape the economy, the communities and
the lifestyles of the future.
Do it right and end up with a wealthy
international city on the edge of a booming Asian
economy; a thriving business environment
that supports corporate success; a pristine
location and quality of life that makes us
internationally competitive in tourism and the
fight for human capital.
The good news is that mostly we are doing it
right. Despite the ebbs and flows of world affairs
Building a better future
for Western Australia
and the local economy, WA is still an exciting hub
of unprecedented private and public investment
in commercial infrastructure. Even more exciting
is an increased collaboration and realisation of
synergy between the corporate, government and
While some projects such as Fiona Stanley
Hospital ($2 billion) are coming to an end, others
such as Riverside ($2.1 billion) and Perth City Link
($5.3 billion) have years to run, and more still
have yet to lay the first stone – including the new
WA Museum ($428.3 million) and the new Perth
Stadium and Sports Precinct ($902.4 million).
Regional growth is not taking a backseat either,
with millions being invested in major projects
from the Kimberley to Esperance, including the
Newman Town Centre Revitalisation ($40 million)
and Busselton Health Campus ($120.4 million).
Western Australia’s resources sector reached
a new record value of $113.8 billion during 2013,
breaking the previous record of $108 billion set
in 2011. In March 2014, WA had an estimated
$149 billion worth of resource projects under
construction or in the committed stage of
development. A further $112 billion worth
of projects are planned. Some of these projects
are forecast to generate wealth for WA for many
decades to come.
The investment landscape remains diverse. In
agriculture, the Chinese are becoming more active,
from the purchase of farms and even a flour mill
in Geraldton through to investing more than $700
million in the Ord River irrigation project.
In the area of science, one of the world’s most
powerful supercomputers is a byproduct of the
Square Kilometre Array telescope project in the
state’s midwest. Part of an international effort that
will allow us to look back in time over billions of
years and find answers to some of life’s biggest
questions, it further cements the state’s increasing
presence on the world stage. The total investment
is estimated at $2.5 billion.
So, exciting times ahead. From all of us at
Scoop, our special thanks to the individuals
and corporations helping build the future and
make Western Australia a better place to live for
all West Australians.
Claire Watkins (editor) and
David Hogan (managing director)
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