The world’s first land-based Tropical Rock Lobster farm will be established in North Queensland, bringing over 1000 jobs to the region.
Australian aquaculture company Ornatas is planning to commercially grow and harvest the highly sought-after crustacean.
"Having a strong aquaculture sector and a sustainable commercial fishing industry will mean more fresh, tasty Queensland seafood on tables around Australia and across the world," said Ms Palaszczcuk.