An agreement between the state and federal governments will begin the process to develop a consolidated defence precinct at Henderson, with millions committed and billions of investment forecast.
Western Australia is likely to lose one of two superyacht builders in the state, as the growing volume of defence work at Henderson squeezes existing industries.
State development agency DevelopmentWA has filed plans to build a new $25 million marine engineering facility in Henderson for WA luxury yacht manufacturer SilverYachts.
WA company SilverYachts, which is one of three major boat builders at Henderson, is planning to establish international operations after a Chinese aluminium manufacturer bought a majority stake.
Henderson-based superyacht builder Echo Yachts takes a different approach to most manufacturers – its workers have been told to slow down, and now they are setting records.
Design work is nearly complete for the world's largest trimaran yacht, to be built at the Australian Marine Complex in Perth's southern suburb of Henderson.
Their visits may be infrequent, but every time one of the floating palaces known as super-yachts visits our shores it could inject more than $1 million into the local economy.
IT'S an exclusive industry reserved for the super-rich, and Western Australia is right in the thick of the action as a supplier of some of the world's best super-yachts.
The State Government has called for expressions of interest to build a service and repair facility for the local super-yacht industry and a blast and paint facility at the Australian Marine Complex at Henderson.