Western Australia Expects Economic Growth

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Researched by Industrial Info Resources (Sugar Land, Texas)--The Western Australian (WA) government believes that WA's economy will remain strong despite global hurdles. The state's economy is expected to grow by 4.25% from 2022 to 2023, which is the highest growth rate in nine years.

Western Australia's economy relies heavily on manufacturing and exports. WA contributes 45% of the total exports from Australia. The employment rate has gone up significantly, and the government aims to create 125,000 jobs by 2025-2026.

WA has announced its 2023-2024 budget, which emphasizes diversified economic growth. The budget shows significant spending on rail transportation and port infrastructure.

Industrial Info is tracking 118 capital Industrial Manufacturing Industry projects in Australia, worth US$5.15 billion. These projects include spending on rail transportation projects such as rail line duplication, line extensions, crossing loops and level crossing removals. The marine cargo handling sector has also seen massive spending; these projects include capital and maintenance dredging, and upgrades at major ports, which include equipment additions and breakwater, jetty and wharf upgrades.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a full list of active capital Industrial Manufacturing projects in Western Australia.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).