Re­gional port­fo­lio to en­tice in­vestors

Pilbara News - - News - Louise Alling­ham

A new ini­tia­tive to at­tract in­ter­na­tional in­vestors to the Pil­bara could give the re­gion’s econ­omy a sig­nif­i­cant boost.

Re­gional De­vel­op­ment Aus­tralia is set to re­lease its Mid and North West In­vest­ment Port­fo­lio with the Cham­ber of Com­merce and In­dus­try of West­ern Aus­tralia and the Aus­tralia China Busi­ness Coun­cil.

The port­fo­lio aims to in­form and at­tract key stake­hold­ers in the public and pri­vate sec­tors across Aus­tralia and in­ter­na­tion­ally to the in­vest­ment op­por­tu­ni­ties avail­able in North West­ern Aus­tralia.

CCIWA chief ex­ec­u­tive Dei­dre Will­mott said at­tract­ing in­vest­ment into re­gional West­ern Aus­tralia would be crit­i­cal for the long-term growth of the State’s econ­omy.

RDA Pil­bara chief ex­ec­u­tive Diane Pentz hopes the port­fo­lio will di­ver­sify the Pil­bara econ­omy.

“We’re want­ing to sup­port our busi­nesses here, we’re want­ing to cre­ate jobs and this I be­lieve would be a re­ally good way to see that hap­pen,” she said. “If we got a good ho­tel in Kar­ratha, for ex­am­ple, it would bring in jobs, it would bring in more tourists.”

The port­fo­lio is di­vided into eight in­dus­trial sec­tors — agri­cul­ture and aqua­cul­ture, ser­vice and com­mu­nity, trans­port in­fra­struc­ture, min­er­als and en­ergy, in­dus­trial de­vel­op­ment, tourism, small and medium en­ter­prises, and ed­u­ca­tion and health.

“This is a step up from the Pil­bara Re­port that we did in 2012 where we looked at fund­ing op­por­tu­ni­ties just for the Pil­bara where the fo­cus was more on Roy­al­ties for Re­gions,” Ms Pentz said. “This fo­cus is more on in­ter­na­tional in­vest­ment.”

The Mid and North West In­vest­ment Port­fo­lio will be of­fi­cially launched by the for­mer deputy prime min­is­ter and Na­tion­als leader, War­ren Truss, in Perth on July 25.

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