15 Oct 2015
Chief Minister of the Northern Territory
Minister for Asian Engagement and Trade
The Northern Territory and Australian Governments have invited investors to help realise the development of Northern Australia.
Federal Minister for Trade Andrew Robb and Northern Territory Asian Engagement and Trade Minister Peter Styles told delegates at today's Hotel Investment Conference Asia Pacific (HICAP) that North Australia's economic development is a priority.
Speaking to attendees at the leading international hotel investment conference the Ministers were united in the message that Northern Australia's time has come.
"We want business to come in and partner with us to develop the Northern Territory and Northern Australia," Mr Styles said.
"The Country Liberals Government welcomes investors to help us realise that potential.
"Today I am responding to urgent requests from Malaysia for investment information about Territory opportunities. Yesterday it was China and last week it was Japan.
"Next month Indonesia is seeking meetings with us and in December Brunei, and The Philippines will be alongside us at the Brunei Darussalam-Indonesia-Malaysia-The Philippines East ASEAN Growth Area (BIMP-EAGA) meetings.
"I have been detailing the tangible opportunities in infrastructure, logistics, aquaculture, irrigated cropping, resource extraction, tropical medical research, remote renewable energy and tourism.
"Business has welcomed the fact Australia has moved swiftly to secure free trade agreements with our key Asian markets of China, Japan, and Korea to open up new markets for our goods and services."
Chief Minister Adam Giles had hailed the trade and investment mission to Hong Kong as a success.
"The level of interest in our Expressions of Interest for a new luxury hotel development had exceeded our early expectations," Mr Giles said.
"The local interest and support has been exciting and the early international interest augers well for the proposal.
"Since sending Minister Styles on this trade and investment mission we have been gratified by the magnitude of business interest by key international corporates in what the Country Liberals Government is doing to secure a prosperous economy for the Northern Territory."
(Chief Minister) Scott Whitby: 0438 531 583
(Minister Styles) Rebecca Barr: 0407 284 066