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Australian space economy

The Australian Government is investing more than AUD $260 million to develop world-leading core satellite infrastructure and technologies whilst the Space Industry Association of Australia identified 558 Australian-based organisations with space industry capabilities. The majority operate in the downstream part of the industry. Australian start-up companies and universities are developing and manufacturing nanosatellites or CubeSats.

The space industry has two key parts i.e. upstream (sending objects into space and space exploration) and downstream (using "upsteam" technology and research).

Territory space industry 2020 aims to position the Northern Territory to take advantage of this opportunity by:

  • growing the Territory’s space industry capabilities
  • connecting Territory industry and businesses with the Australian and global space economy
  • supporting the Territory economy to become ‘space-enabled’ and benefit from advances in the space sector that will lead to growth, jobs and innovation.

Download the Territory Space Industry 2020 here.

Contact Austrade Singapore to find out more about the Australian space economy.

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Global investors stoke Australian exports as FDI stock reaches A$970 billion.

Foreign direct investment (FDI) in Australia grew by 9.5% in 2018, according to latest data releases. Analysis shows Asian investors joining traditional FDI partners from North America and Europe. Meanwhile, A$366 billion of FDI in Australia’s resources helps sustain exports worth A$61 billion in 2017–18.

Read more here.

For more information and discussion about investing in Australia, contact Austrade Singapore.

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WHY AUSTRALIA

Australia’s economy has outperformed its peers for more than two decades and the country is achieving great success in global industries.

Why Australia

Click here for the online guides, designed to help international investors and businesses invest and operate in Australia. You will find here useful information about establishing and running a business in Australia; direct links to regulators and relevant government agencies; and an outline of the range of assistance available to international investors.

For more information and discussion about investing in Australia, contact Austrade Singapore.