Emerging opportunities in Northern Australia
11 Jun 2015
Investors should look to Northern Australia, one of the few high-performing but relatively untapped markets still available.
This is the key message from ‘Northern Australia – emerging opportunities in an advanced economy’ – a publication just released by the Australian Trade and Investment Commission (Austrade).
The publication outlines Northern Australia’s value proposition to investors, including its economy and workforce, industry-specific capabilities and opportunities, success stories, and investor-ready projects.
Northern Australia covers an area of approximately three million square kilometres with a population of around one million people. It contains up to 17 million hectares of arable soil and 90 per cent of Australia’s gas reserves. The region is close to the growing markets of Asia and allows investors to access one of the world’s largest growth regions – the tropics.
Investors will find opportunities in a wide range of areas, including cutting-edge agriculture and aquaculture, smart technology–based resource extraction, remote renewable energy, world-leading tropical health and medicine research, high-end ecotourism, and ecosystems service provision.
The Australian Government is expected to release a White Paper, ‘Developing Northern Australia’, later this year and will host a Northern Australian Investment Forum from 8-10 November 2015 in Darwin. This event will highlight the region’s attractions as an investment destination, showcase prospective and existing investment opportunities, and outline government initiatives to remove investment barriers.