Apple plans to invest $10 billion in new facilities at Lake Macdonald, Lake McDonald

Apple plans an additional $10bn in new technology and innovation in its new facilities in Lake MacDonald and Lake McDonald in Australia, it has announced.

Apple is set to open a $30 billion campus in the former Australian naval base in the north-west of the country in 2019, and a $5bn campus in Melbourne next year.

The company will also invest $5 billion in its Apple Watch and Apple TV businesses.

The two new facilities are the first major additions to Apple’s planned operations in Australia.

Lake Macdonald was formerly the headquarters of the Royal Australian Navy but it was decommissioned in 2008, and Lake MacDougre, formerly known as the Macdonald Islands, was opened in 2009 to host the world’s largest public water park.

Apple will open the new facilities to new staff in 2018, but the company will continue to maintain its current facility, which has been operational since the mid-1990s.