PM visits major Chinese-backed Gold Coast development

PRIME Minister Tony Abbott is on the Gold Coast and has just visited the site of a major development in Surfers Paradise.

The PM checked out the $970 million project situated on the waterfront and backed by China’s largest property developer, Wanda Ridong.

The trip comes just weeks after the two nations signed a Free Trade Agreement.


Wanda Ridong Managing Director, Mr Weimin Xu, said the Prime Minister’s visit was an indication of the significance of the Jewel project to the Queensland and Australian economies.

“We’ve said from the start that Jewel is a $1 billion vote of confidence in the Gold Coast, Queensland and Australian economies,” Mr Xu said.

“We were honoured to have the Australian Prime Minister come to our site and gain an insight into how the project will take shape over the next three years.

“Today’s visit underlines the Australian Government’s commitment to fostering stronger economic ties between Australian and China, and we look forward to an ongoing positive relationship.”

When completed in the first half of 2018, Jewel will be Australia’s largest beachfront hotel and residential complex, backed by a lifetime commitment from the world’s largest commercial real estate company.

Jewel will be the Gold Coast’s first absolute beachfront location in 30 years.  Its unique, crystal inspired towers will make it instantly recognisable and highly prized by investors and residents alike.

Unparalleled design, amenities and service will combine to crease flawless luxury living, where residents can step out in style, directly on to one of the world’s most famous beaches.

Early investors in Jewel will create a lasting legacy for themselves and for many generations of their families.  Register your interest at 

Earlier in the day the PM address students from The Southport School at the Gold Coast Convention and Exhibition Centre.

He told guests the Gold Coast is the “small business capital”.

Mr Abbott also reminisced about his visits here as a child saying “I can remember when Surfers Paradise Towers went up, the first skyscraper on the Gold Coast, but certainly not the last, and now absolutely dwarfed by the magnificent forest of buildings stretching to the sky”.