Western Australia has taken a big step forward today in elevating its profile as a global investment hotspot with two major initiatives: the launch of its digital investment deal book, WA Investments, and the State Government’s commitment to open a WA trade office in Austin, Texas.
Strong levels of business investment will underpin the future prosperity of our State, creating jobs across traditional and emerging sectors. WA has recently made solid steps forward in maturing its efforts to build trade and investment flows. These latest initiatives put WA right up the front in competing for global investment.
The launch of WA Investments, which CCIWA is delivering in partnership with the State Government, will showcase WA’s investment-ready projects, strengthening our reputation and draw as an investment destination.
Confirmation of WA’s trade presence in the Americas, with an office located in Austin, Texas, levers off WA’s strong relationships in the energy sector, while opening new horizons across sectors like advanced manufacturing, defence, renewables, life sciences, digital, space industry and more. While many WA companies have long established links into the US and vice versa, there is an opportunity for a new surge of activity that responds to changed geopolitics and other meta trends.
It is a big win for WA businesses and will help us build a bigger, more competitive and diverse economy. It should also help provide critical intelligence on how economies across the North America are developing, ensuring we are well positioned from a regulatory perspective to secure strong flows of capital. This is especially important given the major shifts occurring across the global economy in areas such as decarbonisation and artificial intelligence.
This double combination of initiatives also delivers on two longstanding CCIWA policy recommendations.
These are big wins for WA and we look forward to continued success in attracting investment working with the State Government.