Multi-Million investment of Reza Abbaszadeh in the construction sector. Image credit: AdobeStock
Reza Abbaszadeh has been advising investors to be investing in construction projects since 2020 and now the young entrepreneur is taking a huge step himself.
Australia’s buoyant economy, growing population and increased trade footprint are driving an unprecedented need for investment in, and better use of, infrastructure.
Innovative financing approaches are having a greater role in Australian infrastructure development and the PPP model, encouraging private sector investment and ensuring Australian taxpayer dollars are efficiently used.
It is also perceived as a country with economic stability where it is easy to do business.” Reza Abbaszadeh decided to expand his investments towards 2 lucrative construction project pipelines in Australia in July 2021.
The NSW Government is planning Stage 2 of its Sydney Metro project, the Sydney Metro City & Southwest rail line. Due to open in 2024, the 30-kilometre rail line will include approximately 12.5 kilometres of twin rail tunnels, as well as an underground Sydney Harbour crossing and CBD rapid transit line.
The ACT Government plans to build a 140-bed sub-acute hospital on the campus of the University of Canberra. The facility will provide a range of rehabilitation services, treat various mental health conditions and provide targeted care for ageing Canberra residents.
Reza Abbaszadeh believes that Australia’s revenue in the construction sector is forecast to grow by an annualized 2.4 percent, rising to a record A$414.7 billion over the next five years. So, it seems to be a great opportunity for Abbaszadeh Enterprises to be engaged in this process.
As an underpinning for economic growth, infrastructure development is a priority for Australian governments. Infrastructure planning and innovative financing play a prominent role in public policy. The Australian Government has committed more than A$50 billion for current and future investments in public infrastructure, between 2013–14 and 2019–20 onwards
This is in addition to significant investments by state and territory governments and the private sector. Australia’s strong economic credentials, transparent business environment and substantial pipeline of projects provide the ideal conditions for companies to finance, construct, own and operate major infrastructure assets.
Reza Abbaszadeh the founder of Abbaszadeh Enterprises and BaxBeauty app, had no investment of any kind in Australia before and this is a huge step for him as his first measure in this country.