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European Australian Business : 2008
55 research institutes and other further education institutions and schools. South Australia is also a fast-growing centre of innovation and activity in creative industries including special effects, games, animation, digital sound and the production of television content and commercials. A film- friendly government and artistic environment are leading to the State becoming known internationally as an ideal site for film production, through the availability of skilled crew and the proximity of its capital city, Adelaide, to a wide variety of spectacular scenic locations. Food and wine A growing preference in many areas of the world for high-quality food and wine has intensified the attention paid to South Australia. Known internationally for the calibre of its red and white wines, South Australia produces more than half of Australia’s wine and its wine exports. It is home to the National Wine Centre and the Wine Innovation Cluster, a world-leading research and education institute in viticulture and wine science. South Australia is a producer of premium-quality agricultural and food products, and Adelaide is the world’s fourth most competitive city for the food processing industry. The State’s seafood, meat, dairy, cereals and fruit and vegetables are sought internation- ally, resulting in exports approaching A$1.7 billion in 2006-07. Bioscience Adelaide is one of the world’s most cost-competitive environments for bioscience and is recognised for its scientific excellence and research abilities. Within Australia, it is the most cost-competitive city for con- ducting clinical trials, manufacturing and product testing, research and development. Nearly 100 core biotech companies are located in South Australia, creating a centre for medical and clinical research with close links to internationally renowned education institutions. When Australia’s first purpose-built facility dedicated to bioscience busi- ness development opens in Adelaide in mid 2008, it will form as part of one of the country’s largest clusters of commercial medical bioscience com- panies – a precinct only minutes from the central business district and the nation’s newest capital-city airport. South Australia: innovative, cost-competitive and liveable South Australia offers a progressive industrial environment; a highly skilled, productive and flexible work- force; and world-class education and health systems. Adelaide has long been recognised as one of the world’s most cost-competi- tive locations to operate a business. It also has a reputation as being one of the world’s most affordable and live- able cities, an attractive proposition for any company seeking the perfect loca- tion to service the Australian market or expand its Asia-Pacific presence. KPMG rates Adelaide as the cheapest location in Australia to do business, maintaining the city’s rating from the 2004 and 2006 Competitive Alterna- tives reports. It found Adelaide had the third-lowest transportation costs and fifth-lowest telecommunications costs among the 128 cities surveyed. The 2005 Innovation Survey found 40.1 per cent of South Australian busi- nesses undertook innovation in 2004 and 2005, the highest of all Australian states, while expenditure on research and development was also the highest proportion of GSP of all the States. In 2007, the Economist Intelligence Unit’s ranked Adelaide as the world’s sixth-best city in which to live among 128 cities surveyed, placing the South Australian capital ahead of all US and Asian cities, as well as most of Europe’s great cities. The Mercer Cost of Living Survey, placed Adelaide 96th of 143 cities surveyed (where 1 is most expensive) and the most affordable capital city of the mainland Australian state capitals. For more information about opportu- nities to invest, work or study in South Australia visit: www.southaustralia.biz www.studyadelaide.com www.immigrationsa.gov.au www.southaustralia.com south australia