Regional portfolio to entice investors
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.