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NT Government: Unlocking Singapore to grow a $40 billion economy by 2030

04 Sep 2023 9:31 AM | Stephanie Berlin (Administrator)

Unlocking Singapore is a key step to achieving the Territory’s goal of a $40 billion economy by 2030.

Singapore is currently the Northern Territory’s third largest trading partner, and a priority in our Governments International Engagement Strategy.

This week, the Northern Territory Treasurer and Minister for Territory Development will travel to Singapore to meet with project proponents, investors, off-take parties, intermediaries and funders.

Minister Lawler is travelling alongside NT Infrastructure commissioner Louise McCormick and will aim to attract investment into areas of water, gas, renewables, critical infrastructure and education.

The visit is focused on engaging with strategic global investors relevant to our industry supply chain needs and markets.

Some meeting include;

  • Sembcorp to discuss investment strategies and renewable energy investment opportunities in the NT
  • Energy Market Authority EMA regulator to explore possibilities of energy offtake from NT energy suppliers and provide an update on the Sun Cable project.
  • Keppel to discuss data plus and tropical data centre opportunities.
  • PSA Singapore, the world’s second largest Port Operator to explore areas of collaboration and investment.

As Minister for Education, Minister Lawler will also meet with GIC and Centurion Corporation to discuss investment opportunities for student accommodation in the NT.

Coincidently, 51 year 6 students from Larrakeyah Primary School will also be in Singapore visiting their partner school, Leeds International School.

The Larrakeyah students, teachers and Minister Lawler will meet with the Australian High Commission in Singapore to talk about the collaborative arts projects that have been undertaken by the partner schools and view the art projects on display at the High Commission. 

Quote attributable to Treasurer, Eva Lawler:

“The Northern Territory has the potential to be a key player across many evolving sectors, and our counterparts from Singapore understand the opportunities which come with investing in the top end.

“We are committed to creating a booming $40 billion economy by 2030 through promoting our strategic advantages, investment opportunities and brining new businesses to the Territory with key trading partners.

“I am determined to develop the best strategic partnerships, which will deliver the best results for Territorians."

Source: NT Government news room

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