Transcript: Northern Australia Investment Forum
>>Voice over: In the Asia-Pacific lies a vast untapped land, a land rich in resources, arable farmland and energy; a land with an advanced stable and secure economy in close proximity to Asia.
If you’re thinking of investing down under maybe it’s time to turn your thinking this way up.
Australia is the only major developed economy in the world in its 25th year of consecutive growth. Energy is up, stimulated by a $200 billion investment in liquefied natural gas. Northern Australia is destined to become the world’s largest exporter of LNG by 2020.
The government’s commitment to geo-science data is up. To help locate vast deposits of coal, iron ore, copper, lead, zinc and aluminium in proven underexplored or unexplored sites.
Infrastructure investment is up, boosted by the $5 billion Northern Australia infrastructure facility from the Australian government. Already over 50% of seaborne exports leave from Northern Australia. Demand for high quality protein and value added foods, included niche crops is up to satisfy the appetite of the rising Asian middle class.
Northern Australia is home to the world’s largest cattle stations, increased investment in water infrastructure, pastoral operations, beef processing facilities and improvements in supply chains are lifting efficiencies.
Advanced medical research is on the way up because by 2050 half the world’s population will live in the tropics. In an ancient land, home to the world’s oldest continuous culture, lie opportunities for innovation, education and engagement with local communities.
Opportunities to develop tourism infrastructure are up. As visitors travel to idyllic destinations like Cable Beach, Kakadu National Park, Uluru and the Great Barrier Reef, all within a few hours flying time of our major Asian trading partners.
For investment it’s time to consider the upside. Northern Australia, the opportunities are up. Visit Austrade.gov.au.