Australia's Gold Coast in Queensland state is set to host two international film and TV productions, which authorities said are the first big budget projects of their kind lured to the region under latest tax incentives, an official statement said on Monday.

The new measures are expected to help rake in more than 100 million Australian dollars (70.56 million U.S. dollars) for the economy.

Hollywood feature film Godzilla vs Kong and Disney ABC International Television's Reef Break drama series are slated to begin production this year, tapping 16 million Australian dollars (11.29 million U.S. dollars) of funding provided under the incentive program, according to the statement from Australian Prime Minister Scott Morrison's office.

"These projects will bring hundreds of jobs to the Gold Coast and further cement its reputation as one of the best places in the world to make movies," said the prime minister.

"I've visited some of the businesses that service the film industry on the Gold Coast and they are the best at what they do," he said.

"This is one of the ways the government is boosting small business and creating the conditions for growth in the economy. These productions would not be investing in Australia without these grants. They will use the services of over 1,600 Australian businesses, as well as directly employing more than 1,300 Australians," said Minister for Communications and the Arts Mitch Fifield.

Keli Lee, managing director, international content, platform and talent at ABC Studios International, which is part of The Walt Disney Company that brought the productions Pirates of the Caribbean: Dead Men Tell No Tales and Thor: Ragnarok to the state, lauded the skills of Australian crew and actors and looked forward to "showcasing Australia's stunning locations to the world." 

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