The Investment Summit will take place in the centre of the NT’s defence, energy and tourism sectors. Photo: Northern Territory Government.
The Northern Territory Government’s inaugural Investment Summit is being held in Darwin this week (15-17 July).
Uniting more than 100 business leaders, investors and stakeholders, the summit is the first event of its kind in the Territory.
The summit, delivered in partnership with the Darwin Major Business Group, is part of the CLP Government’s Rebuilding the Economy: NT Economy Strategy 2025 plan. The strategy intends to showcase the NT as a flexible, innovative centre with business and economic potential for international as well as domestic investors.
Visitors from Europe, Asia, the Middle East and the United States will be visiting, with key trade and strategic partners such as Japan, Indonesia, China, India, the United Kingdom and New Zealand also in attendance.
The Territory’s primary sectors of natural resources, agriculture, tourism, infrastructure and defence will take centre stage.
Visitors will gain insights into major investments in the Territory, such as the onshore Beetaloo Sub-Basin, the maritime repair and maintenance industry, tourism in the Litchfield region and large-scale developments in the Middle Arm Precinct.
The summit will feature a keynote address from former treasurer Joe Hockey and speeches by CEOs and leaders, including the heads of the Northern Australia Infrastructure Facility, the National Reconstruction Fund and Infrastructure Australia.
“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,” Minister for Trade, Business and Asian Relations Robyn 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.”
Deloitte Access Economics projects that the Territory’s economy will grow by more than 5 per cent in 2025-26, with an average growth rate of 3.3 per cent a year until the end of the decade. If the projected rate holds true, it will be the strongest of any jurisdiction in the Commonwealth, the Territory Government says.
Investment in business alone is forecast to grow by an average of 2.2 per cent a year over the same period.
