Two Japanese companies will be core tenants of Western Sydney airport development
TWO of Japan’s biggest multinational companies have signed major investment agreements to set up operations in the new Western Sydney airport city. And it could mean more jobs which could transform the labour force in the region around Badgerys Creek.
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TWO of Japan’s biggest multinational companies have signed major investment agreements to set up operations in the new Western Sydney airport city.
The Daily Telegraph can reveal Mitsubishi Heavy Industries (MHI) and Sumitomo Mitsui Financial Group (SMFG) — both significant players in the Asian market — will be core tenants of the airport development.
It is not known yet precisely what the Japanese will do with their space in the aerotropolis, but government sources said MHI could set up a major manufacturing facility which would transform the labour force of the region around the Badgerys Creek airport.
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MHI is a global heavyweight in aircraft, space, defence, transport, energy, maritime, automotive and industrial machinery.
The news comes just a month after the Telegraph revealed the aerotropolis would be the site of Sydney’s first new university build in decades — a combined campus of four of the state’s leading universities.
Key representatives of both multinationals last night signed a memorandum of understanding with NSW Premier Gladys Berejiklian and Minister for Western Sydney Stuart Ayres at Sydney Town Hall.
The airport precinct is expected to create 200,000 jobs, with the Japanese companies now poised to represent a “large footprint” in the area’s economic activity.
SMFG has a network of clients across 40 countries, and it’s expected their involvement will pave the way for other multinationals to come on board.
“It’s not every day you get the chance to build a city from the ground up, but we know we are on the right track because international business confidence in the aerotropolis is sky high,” Ms Berejiklian said.
Ms Ayres said the Japanese companies would promote further investment opportunities in transport, logistics, healthcare, education and renewable energy.
“It’s no wonder companies from NSW’s second biggest trading partner, Japan, are first in line to sign up to the Western Sydney aerotropolis,” Mr Ayres said.
The Telegraph has obtained exclusive new artist’s impressions of the aerotropolis, showing the airport in the background of the business and education precinct. The images will be released publicly today.
The Japanese commitment follows a $50 million investment last year by global defence and aerospace company Northrop Grumman.
Ms Berejiklian said that the aerotropolis would be the “most advanced city on earth”.
“Now we are seeing the biggest companies in the world come on this journey with us,” she said.