Minister for Trade and Industry Niall Blair said Sydney has won the right to host the 2019 World Forum for Foreign Direct Investment (FDI) from 17-19 June next year.
Mr Blair said Sydney was announced as the 2019 host city at the conclusion of the 2018 World Forum for FDI in Liverpool in the United Kingdom 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.
“The NSW Government looks forward to welcoming key international investors to Sydney for this significant event being held for the first time in Australia.
“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.
“Just last month we unveiled the vision for the Western Sydney Aerotropolis, a landmark investment opportunity offering international companies the chance to be part of one of the world’s newest and most vibrant economic zones.
“Nearly $20 billion in infrastructure spending is being invested across three levels of government to capitalise on this once in a generation opportunity. We’re creating a thriving ecosystem to give international firms the confidence to invest in the business capital of Australia.”
NSW attracted $4.8 billion in Foreign Direct Investment projects last year creating 6,200 new jobs with a target of $8 billion set for achievement by 2020.
Business Events Sydney CEO Lyn Lewis-Smith said the World FDI Forum would be a strategically important conversation between international decision-makers and their Australian counterparts.
“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.”