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This $68 billion Australian city wants to become the next Silicon Valley (www.cnbc.com)

This $68 billion Australian city wants to become the next Silicon Valley

Travel up the sunny shores of Australia’s Gold Coast, 25 kilometers outside of Brisbane, and you’ll find Greater Springfield, a city that’s different by design.

You may never have heard of it. Unsurprising; the city is not yet 30 years old. But that isn’t holding it back. In a few years, it could be the next Silicon Valley, says developer Springfield City Group (SCG).

“The world has learned a lot from Silicon Valley,” founder Maha Sinnathamby told CNBC. “We said: that’s 85 years old. Let’s design the latest version.”

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