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Australia – Aquis Great Barrier Reef Resort back on track in Queensland

By - 22. September 2015

The stalled $8bn Aquis Great Barrier Reef Resort project earmarked for Queensland is back on track following renewed efforts by the newly elected government to encourage its progress.

Tony Fung had withdrawn from the process in February following failed discussion with the previous Liberal National Party government.

Now Treasurer Curtis Pitt has said the team behind the Aquis Great Barrier Reef Resort project has signed an agreement to re-enter the government’s integrated resort development (IRD) process.
Treasurer Pitt said: “Following the election, the Palaszczuk government sought to engage in positive discussions with Mr Fung and we welcome his company’s commitment to re-entering the IRD process. The IRD process is a rigorous way to protect the community’s interests and also evaluate Aquis’ credentials and financial capacity to deliver this project.”

Der Vorschlag, 13 km nördlich von Cairns zu liegen und den Namen Aquis Resort zu tragen, würde sich an chinesische Touristen vermarkten und hat sich selbst als größer als das James Packer's Crown Casino in Melbourne dargestellt. Es will 750 Tische und 1,500 Slots in einem Resort betreiben, das im Falle einer Genehmigung neun Hotels mit 3,750 Zimmern, eines der größten Aquarien der Welt, ein Sportstadion mit 25,000 Sitzplätzen, 1,200 Apartments und 135 Villen sowie hochwertige Einzelhandelsgeschäfte umfassen würde , Theater, eine 13 Hektar große Rifflagune, ein 18-Loch-Golfplatz, eine Tagung und eine Ausstellung.

Mr. Fung said of the development: “We remain committed to the Aquis Yorkeys Knob project as part of our overall strategic investment plans for Australia.”

The government will now analyse a detailed proposal from Aquis when the government will execute an acceptance deed, which will commence the probity process.

Mayor Bob Manning said: “Things seem to be heading in the right direction. But that’s today. Tomorrow and the day after, it must be kept on track. Time eventually kills everything, and time will kill a deal. The people have the capability, they have the desire, they have the will to invest, spread around Australia. The great pity is that now we have the Gold Coast and Canberra running ahead of Cairns when Cairns should have been ahead of both of those cities. It is clear to me that Aquis do have a broad-based plan for Australia. We are missing out on the start but we are going to be the flagship. But we need to get moving or it could slip away.”

Advance Cairns chief executive Mark Matthews added: “We urge Aquis to accelerate work to see this project start as early as possible. We hear that the Queensland Government is committed to the Cairns project at Yorkeys Knob, and we call on the Queensland Government to finalise arrangements to see the project move ahead without further delay.”

Aquis Aware Coalition of Concerned Citizens spokesman Denis Walls said: “We are back to where we were a year ago, only with an additional procedure for him to comply with. There are now going to be two probity processes running in tandem: one through the IRD and another still going on through the Department of State Development and the Office of Liquor and Gaming Regulation.”

Herr Fung, ein milliardenschwerer Sohn eines der Gründer des Hongkonger Mischkonzerns Sun Hung Kai & Co., sagte, es würde „Queensland eine Gelegenheit geben, seine südlichen und regionalen Konkurrenten auf dem immer wichtiger werdenden chinesischen Tourismusmarkt abzuwehren.“

Er sagte: „Aufgrund meiner geschäftlichen Kontakte zu den asiatischen Märkten durch die Beteiligung meiner Familie an den Finanz- und Immobilienmärkten Hongkong/China habe ich mit großem Interesse das schnelle und exponentielle Wachstum von Macau gesehen und beobachtet. Es kann nicht bestritten werden, dass Macaus Wachstum durch eine neue Generation umfassend integrierter Resorts vorangetrieben wurde. Das Modell wird von den Tourismuskonkurrenten Queenslands im asiatisch-pazifischen Raum schnell übernommen und akzeptiert.“

“With over 15 years’ experience investing in North Queensland, I have recognised the unique suitability of the Cairns region to develop an integrated resort, based upon the Macau model, but presented differently via a design and marketing linkage to North Queensland and the Great Barrier Reef,” he added. “Queensland has an opportunity with this proposal to join other countries in our region that are developing large-scale integrated resorts which drive local tourism, employment and associated economic growth. The Aquis proposal is unique, in Asian integrated resort terms, by associating its appeal to the unique natural environment and region it is located in. Aquis will be, by its very design and market position, a high profile project to drive Asian tourism awareness of North Queensland and the Great Barrier Reef. Aquis, the man-made wonder, and the Great Barrier Reef, your incredibly beautiful wonder of the world, will ensure, in perpetuity, Queensland receives more than its fair share of inbound tourism from China. Aquis gives Queensland an opportunity to fend off its southern and regional competitors for the increasingly important Chinese tourism market.”

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