World investment forum opens in Sydney

MORE THAN 400 global business leaders and senior officials from 36 countries will converge in Sydney for the 2019 World Forum for Foreign Direct Investment from today, June 17.

NSW Minister for Jobs, Investment, Tourism and Western Sydney, Stuart Ayres said the three-day forum funded by the NSW Government would provide an opportunity to attract global investment to key industry precincts being developed across the State.

“The World Forum for Foreign Direct Investment has been secured for Sydney for the first time and brings global business leaders and government officials together to discuss international investment issues and opportunities,” Mr Ayres said.

Delegates will tour key investment precincts, including the Western Parkland City, Westmead Health, Education and Research Super Precinct and Sydney Innovation and Technology Precinct to promote business opportunities in defence, aerospace, startup and tech, health and medtech, manufacturing, agribusiness, and education sectors.

“The investment appeal of our regions will also be championed including the Special Activation Precincts being developed in centres like Parkes and Wagga Wagga,” Mr Ayres said.

“Sydney is the ideal host for this important forum as Australia’s business capital. NSW has the  lowest unemployment rate of any state and a flourishing economy that has seen 28 years of consecutive growth.”

Lyn Lewis-Smith, CEO of BESydney, which secured the world forum for Sydney, said such global gatherings provide “long tail benefits” above the expenditure of delegates. 

“Forums like these help deliver on economic development goals, attract investment and talent, creating a focused time and place to form vital relationships for cross-border investment," Ms Lewis-Smith said.

The World Forum on Foreign Direct Investment is taking place from June 17-19 in Sydney. 

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