NSW gains $500 million in foreign investment

Published 11th April, 2014 in Economy

NSW’s network of international trade and investment offices has secured $500 million in foreign investment for the state during this financial year, according to the NSW Government’s latest Trade and Investment Report (April 2014).

Sydney landscape
Sydney landscape

Deputy Premier Andrew Stoner released the report on the eve of his trade mission to the United Arab Emirates (UAE) and Singapore as part of the government’s ongoing efforts to grow trade and investment links with NSW’s key markets.

Mr Stoner said the government was actively targeting key overseas markets to attract more international investment, facilitate exports, create jobs and grow the economy.

“Our international trade and investment offices in the USA, Japan, China, India and the UAE have all played a significant role in driving jobs and investment growth for this state,” he said.

“As an example, recently our UAE office worked with Dubai-based telecommunications firm Pacific Controls to establish a presence in Sydney – a $50 million investment that will generate up to 80 jobs for the local economy.”

Published 11th April, 2014 in Economy