Driving international engagement and economic opportunities for the Territory
Manison, Nicole Susan
Australian Labor Party
Media Releases for 14th Assembly 2020 -; Media Releases; ParliamentNT
Made available via the Publications (Legal Deposit) Act 2004 (NT)
Economic development; International commerce
Northern Territory Government
Issued as a Media Release
Northern Territory Government
Focus on the sectors that will drive sustainable growth, diversify the economy, move up the value chain and create jobs Support opportunities for value-adding industries Promote the Territorys strategic location in the region to attract regional offices and latency-sensitive industries Extend economic benefits by targeting investments that secure more of the supply chains for major projects and build industry ecosystems Leverage the Territorys natural advantages that help companies achieve their Economic Social and Governance (ESG) aspirations. The Northern Territory Government is committed to pursuing investment opportunities in key focus areas that will support our future growth. The Territory is well positioned to attract investment into solar and hydrogen developments due to world-class solar and gas resources and existing infrastructure and supply chains. Developing low emissions manufacturing capability in the Territory is closely aligned to these energy opportunities and responds to the global trend, and the Territorys own goals, of decarbonisation and net zero emissions. The Territory has a world-class mining export industry, including value-add processing and several major mines. There are key opportunities in attracting investment to spur the development of local processing and manufacturing, as well as tapping into some of the most geologically promising greenfield or underexplored regions in Australia. Moving beyond raw resources will modernise the Territory industry, develop and attract a high skilled workforce, and deliver greater value to the Territory economy. Other opportunities for investment attraction are in agribusiness through Sustainable Development Precincts (SDPs). Investment attraction will also be pursued to support industry-enabling infrastructure development, including data centres, digital technology, maritime infrastructure, aerospace and tourism infrastructure. Emphasise investment opportunities in the Territorys regions and with Aboriginal economic leadership Recognise the strengths of the Territorys regions Promote defined opportunities to establish partnerships with Aboriginal land holders and businesses that will create economic growth and jobs. Recognising the diverse offering of the Territorys regions in investment attraction plans for priority target markets will build a diversified portfolio for investor attraction initiatives and support long-term regional growth. Seeking and growing investment in regions and bringing regional businesses and products to the market requires INTERNATIONAL ENGAGEMENT STRATEGY 14
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