Property Council Illawarra Shoalhaven Regional Director Matthew Wales said the announcement was a major win for the region, reflecting years of advocacy for investment in Port Kembla's future.
"Port Kembla has always been the industrial heartbeat of the Illawarra, and today's announcement sets the stage for it to become the region's growth engine for the next generation," Mr Wales said.
"Our members have consistently called for government and industry to work together on a long-term plan for Port Kembla. We are proud to see this vision taking shape with a rezoning proposal that unlocks new industries while preserving the site's proud industrial history."
Mr Wales said the Property Council has long championed the need for a diversified Illawarra economy, with the Port Kembla Master Plan at the centre of that ambition.
"BlueScope's master plan shows what's possible when we plan big – thousands of jobs in emerging industries, billions in new investment, and a secure future for local workers," Mr Wales said.
"With this rezoning now on exhibition, we look forward to working with government, BlueScope and the community to ensure the delivery of this transformational project."
The Property Council has previously called for state investment to support Port Kembla's expansion, recognising the precinct's potential to underpin economic growth and create a multi-faceted industrial hub for the future.
"We've consistently highlighted the opportunity to unlock underutilised land around the steelworks to attract new industries and create a stronger future for the Illawarra," Mr Wales said.
"This project is about giving local workers and businesses the confidence that Port Kembla will remain the region's industrial engine while opening the door to new careers in advanced manufacturing, clean energy and technology. That certainty is exactly what investors, educators and contractors have been waiting for.
"This site might be the same size as Monaco, but it won't be luxury yachts, casinos and Formula One, it will be proudly Illawarra – practical, hardworking and focused on building the industries of tomorrow."
"The Property Council will continue to work with all partners to make sure this momentum translates into lasting jobs and opportunities for the community," Mr Wales said.
