SA investment team to tempt foreign investment
The South Australian Government has formed a team of commercial and investment experts aimed at attracting investment to South Australia and help maximise the economic benefits flowing from major infrastructure projects.
Premier Jay Weatherill said the Invest in South Australia team would be established within the newly formed Department for Manufacturing, Industry, Trade Resources and Energy and draw on crossgovernment resources to drive investment attraction in the State.
Invest in South Australia is a response to a recommendation by the Economic Development Board and will be overseen by the Board’s deputy chair, Kevin Osborn.
“We have some great investment opportunities in South Australia, but projects like the Olympic Dam expansion only come along once - so we have to maximise the immediate and long-term economic opportunities now from these major projects,” Mr Weatherill said.
“The aim of the Invest in South Australia business unit is to do exactly that - its work will be vital to securing investment linked to the record value of major projects currently underway or in the pipeline.”
Minister for Manufacturing, Innovation and Trade, Tom Koutsantonis, said the state needed to be equipped to aggressively pursue international capital to grow South Australian businesses.
“We are at a pivotal stage in the state’s economic history and we’re seeking investment in a competitive global market where finances are still constrained by the reverberations of the Global Financial Crisis,” Mr Koutsantonis said.