It was announced the Gold Coast would be home to the third instalment of the Thor film franchise in October 2015.

And it seems the ambitious construction of the Adventure/Fantasy set is coming along nicely ahead of location shooting from July 4.

So much so, builders were spotted busily hammering away, drilling and working on the multi-story complex early on Thursday morning.

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Shaping up nicely: Construction is well and truly underway on the Gold Coast set of Thor: Ragnarok

And with construction well and truly underway, co-president of Marvel Studios Louis D'Esposito said Queensland offered an amazing and diverse backdrop for the action flick, Thor: Raganarok.

'We are very excited to bring this film to such an incredible locale,' he told Digital Spy.

'Marvel Studios would like to thank the Queensland Government for helping to make this a reality,' he added.

Coming together: It seems the ambitious construction of the sci-fi set is coming along nicely ahead of location shooting from July 4

Working hard: Builders were spotted busily hammering away, drilling and working on the multistorey complex early on Thursday morning

Ideal location: It was announced the Gold Coast would be home to the third instalment of the Thor film franchise in October 2015

Perfect spot: Co-president of Marvel Studios Louis D'Esposito said Queensland offers an amazing and diverse backdrop for Thor: Raganarok

According to Queensland Premier Annastacia Palaszczuk and Marvel Studios executive David Maise, Thor will spend $100 million in Queensland and create hundreds of local jobs during production.

Meanwhile, the movie is being directed by New Zealand's Taika Waititi, who has confessed that he's eyeing a cameo for himself in the blockbuster.

'I can't help myself,' the 40-year-old told The Daily Telegraph after revealing that he will 'probably' pop up in the highly-anticipated product.

Coming together: Builders were seen using cranes to put the sci-fi set together

Building the economy: Queensland Premier Annastacia Palaszczuk and Marvel Studios executive David Maise, Thor will spend $100 million in Queensland and create hundreds of local jobs during production

Double the effort: New Zealand's Taika Waititi will direct the popular film and has an eye on a role

But this isn't the first time the director has snagged an acting role in an action movie.

Taika previously had a supporting role in DC Entertainment's 2011 movie, The Green Lantern.

To add to the star-studded line-up, hunky actor Chris Hemsworth will return as demigod Thor and fellow Australian actress Cate Blanchett will play villain Hela.

However, the Sydney native wouldn't confirm or deny a part in the third installment when she spoke on the Jimmy Kimmel Live show earlier this year.

Returning role: Hunky actor Chris Hemsworth will return as demigod Thor

When asked by the comedian if she would be joining the star studded line-up - which included the likes of Natalie Portman, Stellan Skarsgard, Rene Russo and Anthony Hopkins - she joked: 'Yes. Chris Hemsworth is busy and so I've been working out.'

To which Jimmy asked the starlet if she was dodging the question.

She replied: 'They are just substituting one Australian for the other. You know, gender equality. Why can't you have a female Thor!'

Thor: Ragnarok is due for release in 2017.