Northern Territory Government Newsroom

Territory’s Biggest Ever Business Delegation Starts Rizhao Summit

Chief Minister Michael Gunner today joined the largest ever Territory trade and investment delegation to China ahead of key business meetings.

The group of 75 Territory businesses – who have arrived in the Shandong province - includes delegates from industry sectors such as education, primary industries, tourism, mining, property and infrastructure.

“We are here for the two-day NT-Rizhao Economic Summit which is an important opportunity to build relationships and create new business and job opportunities for the Territory,” Mr Gunner said.

“The economic future of the Territory is closely tied to expanding our trading relationships across this region which is why myself, and so many local businesses, are here to build on our increasingly close relationship with Rizhao, and greater Shandong.

“This is a relationship which I am confident will expand considerably into the future and will result in new business opportunities and local jobs – this NT-Rizhao Economic Summit is an important event for Territory business.”

In 2015-16, China was the Northern Territory’s second largest export market. More than $1 billion of goods - predominantly crude materials, such as mineral ores - were exported to China from the Territory.

“China will continue to be an increasingly important and growing trade and investment relationship for the Territory to build,” Mr Gunner said.

“This NT-Rizhao Economic Summit provides the opportunity for Government and 75 Territory business and industry representatives to establish relationships and build connections into China that will underpin future short and long-term business opportunities.

“It will see leaders from the Territory, Rizhao City and Shandong Province come together before breaking into specific sector groups to allow in-depth, product and industry specific discussions to take place.

“Rizhao City is a major logistics centre on the Shandong coast south of Beijing. It is also the home city of Landbridge Group who operate the largest privately owned port in China.”

Landbridge, the operator of Darwin Port, is constructing a $250 million luxury hotel on the Darwin Waterfront.

“The luxury hotel development is expected to provide a significant economic boost and generate more than 500 jobs during the construction phase and hundreds of ongoing jobs when it opens,” he said.

“This is an example of how an initial relationship can lead to further investment and my Government is committed to supporting these opportunities.”

 

Media Contact:

 

Cameron Angus - 0429 321 743