Darwin is becoming Australia’s advanced manufacturing hub. Darwin has sufficient space to grow, and a number of innovative projects have set up their home in Darwin.
The Northern Territory Government has partnered with the Federal Government’s Advanced Manufacturing Growth Centre to fast-track innovative projects, which provide great potential for the investors to enter the advanced manufacturing sector.
Darwin’s major Advanced Manufacturing projects include:
Businesses and projects that provide either innovative products or advanced knowledge, advanced processes or advanced business models to assist the growth of our industries, for example renewable energy, mining and resource, oil and LNG, space industry, environment, and healthcare.
The Northern Territory Government provides $7.5 million to build the advanced manufacturing ecosystem in the Northern Territory. The fund aims to build the capability and increase investment in and output of advanced manufacturing activities in the Northern Territory. For more information about the Funding, please go toAdvanced Manufacturing Ecosystem Fund NT
Darwin boasts a wealth and diversity of arts, culture, entertainment and heritage. The Creative Industries sector in Darwin contributed $469 million to the Darwin economy in 2020/21.
The sector continues to emerge with abundant opportunities in the traditional and contemporary arts and entertainment sector. Theatre, film, dance and music are embraced by skilled and talented local artists and musicians.
Indigenous art including painting, carving, ceramic, fibre and fashion are on display at locally owned and run art centres. Galleries are popular with visitors from both home and abroad.
The screen industry in Darwin is small in scale and has tremendous unfulfilled potential. The City aims to develop a vibrant screen industry as part of the creative industries strategy with support and funding opportunities from Screen Territory.
NT Creative Industries Strategy
Screen Territory
Opportunities for investors include, but are not limited to:
There is great potential for growth in Darwin’s Agriculture, Forestry & Fishing industries, including tropical fruit plantations and the expansion of aquaculture fisheries, providing things like sustainable fresh seafood and pearl farming.
The total contribution of the Agriculture, Forestry & Fishing industries to the Darwin economy was $168 million in the 2019/20 financial year.
Opportunities for investors include, but are not limited to:
Darwin offers Australian higher education, vocational education and training, English language, and secondary schooling.
The international exports of the Education and Training sector in Darwin is worth over $27.6 million in 2019/20. The whole sector provides 4,816 jobs for Darwin in 2019/20.
Opportunities for investors include but are not limited to:
Darwin is the service centre for the defence, energy and resources sectors in the Northern Territory. The service sector in Darwin values $6,053 million in 2020. The sector has provided enormous business opportunities for investors and businesses. Among this, the strong defence presence and capabilities of the region are expected to continue for decades. With the rapid changes in the global strategic environment, the Australian Government is investing a historic $270 billion into Defence spending through the 2020 Defence Strategic update and Force Structure Plans.
The mining sector in the Northern Territory is valued at over $8.6 billion. The most important mineral resources in the Northern Territory are bauxite, uranium, lead, copper, gold, silver, phosphate, and rare earth, zinc, as well as manganese, and many others.
Opportunities for investors, but are not limited to:
Darwin is perfectly positioned in the centre of 500 million people within a five-hour flight radius. The industry has successfully established attractions and services to draw international, domestic, and business travellers to the region, which leverage these natural assets.
Tourism in Darwin has enormous scope to expand, and the area is brimming with tourism-related investment and business opportunities.
Source: Remplan Darwin Economy