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SYDNEY, Oct. 20 (Xinhua) -- Australia's Queensland state government is rolling out the red carpet to attract investments from key decision makers in a specially organized luxury conference held at Port Douglas on Thursday.


The four-day conference is expected to be attended by 40 key international investors that have a combined portfolio of 3.06 trillion U.S. dollars to invest in the sunshine state.


State treasurer Curtis Pitt said its investment arm Queensland Treasury Corporation (QTC) had joined forces with Commonwealth Bank of Australia (CBA) to entice these investors with the aim of providing the delegates with hands-on experience and in-depth information about investing in Queensland's future economic development.


The event is expected to be attended by key decision makers from Asia, Europe, the Middle East, and Australia.


"The lower Australian dollar, growing confidence, resurgent tourism sector and economic growth means international investors are looking directly at Queensland right now," Pitt said in a statement.


"The delegates visiting Queensland are primarily fixed income investors from central banks, commercial banks, pension fund managers, life insurance companies and asset management companies with combined assets under management estimated to be worth in excess of 3 trillion U.S. dollars."


"These global investors will leave the tropics fully informed about Queensland's strong economic and fiscal position and our nation leading growth," he said.


Pitt added that the investors would be taken on a tour to Low Isles on the Great Barrier Reef, the Ngadiku Dreamtime Walk in Mossman, cruising the Daintree River and getting up close and personal with some native Australian wildlife.

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