‘Full of potential’: Investors land in Darwin for first Northern Territory investment summit
More than a hundred business leaders, international investors and a former federal treasurer will come together in Darwin this week to focus on unlocking the Territory’s economic potential, in the first event of its kind in the Northern Territory.
More than a hundred business leaders, international investors and key stakeholders will come together in Darwin this week to focus on unlocking the Territory’s economic potential, in the first event of its kind in the Northern Territory.
The NT government’s Investment Summit will be held in Darwin from July 15-17, hosted in partnership with the Darwin Major Business Group to showcase the Territory as a “dynamic, innovative hub brimming with opportunity”.
International investors from around the world will travel to Darwin, bringing together companies from Japan, Indonesia, Malaysia, Singapore, Switzerland, Vietnam, China, India, Kuwait, New Zealand, the United Kingdom and the United States.
Guests will hear from former federal treasurer Joe Hockey, Google’s Principal Global Infrastructure and Energy Alexander Smith, and a line-up of chief executives including the heads of the Northern Australia Infrastructure Facility, the National Reconstruction Fund and Infrastructure Australia.
Attendees span a diverse range of sectors, including agriculture, oil, gas, mining, tourism and hospitality, infrastructure, digital and defence industries.
The Summit will also feature sector tours, showcasing investment opportunities across the NT.
The government has indicated it will highlight opportunities including onshore gas in the Beetaloo Sub-basin, the emerging maritime repair and maintenance industry, new tourism ventures in the Litchfield region, and large-scale developments at the Middle Arm industrial precinct.
Minister for Trade, Business and Asian Relations Robyn Cahill said the summit was a cornerstone of the CLP’s economic plan.
“The CLP is delivering on our year of action, certainty and security, holding the Investment Summit to demonstrate that the Northern Territory is open for businesses and full of potential,” Ms Cahill said.
“We are working hard to make the Northern Territory the best place in Australia to do business.
“Investor confidence in the Territory’s energy sector is surging, with Beetaloo Energy Australia recently commencing the longest horizontal well drilled in the Beetaloo Sub-basin, with results expected as early as the third quarter this year.
“We are playing to our natural strengths in mining, defence, energy, agriculture and tourism and seeking partners with a strong, long-term commitment to developing these sectors. There has never been a better time to invest in the Northern Territory.”
Deloitte Access Economics projects the Territory economy will grow by 5.1 per cent in 2025-26, with an average growth rate of 3.3 per cent each year over the five years to 2029-30.
Business investment alone is forecast to grow by an average of 2.2 per cent per annum over the same period.
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Originally published as ‘Full of potential’: Investors land in Darwin for first Northern Territory investment summit
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