Sydney has been chosen to host next year’s World Forum for Foreign Direct Investment, which will see hundreds of investors, business leaders and government officials descend on the city.
NSW Minister for Trade and Industry Niall Blair said the announcement of Sydney as the forum’s next host city was made at this year’s forum which was held in Liverpool, England on 13 June.
“The World FDI Forum is the leading global gathering for cross-border investment attracting over 400 business leaders and senior government officials from around the world, so this is a great win for Sydney,” Mr Blair said.
He added that institutional investors would be visiting Sydney for the event.
“Our stand at this year’s UK forum attracted strong interest from potential investors so next year will be a prime opportunity to show the world why there has never been a better time to invest, move a business or start a new enterprise here.”
According to the statement, NSW foreign direct investment projects attracted $4.8 billion and created 6,200 new jobs.
“Nearly $20 billion in infrastructure spending is being invested across three levels of government to capitalise on this once in a generation opportunity,” Mr Blair added.
“We’re creating a thriving ecosystem to give international firms the confidence to invest in the business capital of Australia.”
Business Events Sydney chief executive Lyn Lewis-Smith also noted the investment opportunities that the recently-unveiled Western Sydney Aerotropolis would present.
“Events like this – attracted at a time when the Australian and NSW governments are in the throes of one of the largest infrastructure programs in the nation’s history – are the perfect opportunity to introduce Australia’s expertise into global supply chains and to showcase investment opportunities to visiting decision-makers,” she said.
CommSec has predicted local shares will move higher during 2022-23. ...
The two largest ASX sectors were a drag on performance in June. ...