Blue Economy
Western Australia has 30% of Australia's coastline, contributes 46% of the marine industry output worth $54.7 billion, and the blue economy makes up 13% of the state's GSP. The relocation of the deepwater port represents an opportunity to underpin the prosperity of the local, regional and state economy for the next century.
The sector also plays a critical role in local employment. The direct port and freight sector supports 2,261 jobs, or 6.8% of total local employment, while the extended sector employs 3,341 people, representing 10.1% of all jobs in Fremantle. In total, 379 local residents are employed across these sectors, equating to 1.9% of the city’s population, demonstrating strong workforce engagement and the sector’s broad economic impact.
Investors can redefine the port’s activities and role within the broader context of the development of the Western Trade Coast.
The WA Government is developing the Western Trade Coast industrial precinct in Perth’s south-west into a Global Advanced Industries Hub.
Businesses supplying defence-related industries, including those involved in technology and advanced manufacturing, will benefit from proximity to shipping facilities, clients, and customers.
Utilising and enhancing water-based infrastructure may support the expansion of cruise, super yachts, and local ferry connections, and contribute to transitional uses on the site.
Fremantle is well positioned to be a centre of excellence for sustainable blue innovation, as a strategic maritime gateway, with significant trade and transport infrastructure.
By 2030, the global ocean economy is expected to double in value to US$3 trillion ($4.75 trillion). Water based infrastructure is a strategic asset of the port and the Fremantle area, driving high value blue economy exports. The blue economy encompasses economic activities that leverage oceans, seas and coastlines as drivers of sustainable growth.
The potential relocation of the deepwater port to Kwinana presents substantial long-term opportunities for the Blue Economy. This move would free 270 hectares of prime urban land in Fremantle to support WA’s expanding population, while ensuring it remains a working port for cruise, naval and recreational vessels.
“We’ve collaborated with several Fremantle-based businesses as both partners and clients. Being in close proximity to a major port and maritime industries has been particularly advantageous for us as a tech company focused on transforming the sector. These collaborations have not only helped us expand our network but also driven innovation in our offerings.”