The territory’s Labor Government and Top End Regional Economic Growth Committee have released a long-term plan to grow the economy, increase employment opportunities and improve the quality of life in the Daly, West Arnhem, Top End Rural areas and Unincorporated and Tiwi Islands.
The plan stems from the Territory’s Economic Reconstruction Commission (TERC), which recommended focusing on regions in the territory to realize their economic vision and potential.
Identifying economic opportunities across agribusiness, tourism, resources and energy transitions, the eight-year plan includes:
the growth of the indigenous bush food industry, particularly the Kakadu Plum enterprises in Wadeye, Maningrida and Jabiru, the expansion of the buffalo industry in the Tiwi Islands and the West Arnhem region, the implementation of opportunities throughout the region for culture and nature based tourism businesses in the country, the progressive development of the Blacklip Oyster from research to business operations on South Goulbourn Island and the Tiwi Islands, the development of the crocodile farming on the Tiwi Islands, restarting pastoral operations in the West Daly region, supporting mine rehabilitation activities in Jabiru and Rum Jungle, and supporting development plans for large-scale hydrogen export green on the Tiwi Islands.
The territory’s Labor government has released economic growth plans for each region of the territory to chart our path to reaching a $40 billion economy by 2030.
See the plan here here.
Quotes attributed to Chief Minister Natasha Fyles:
“To reach our ambitious goal of a $40 billion economy by 2030, we need to grow and invest in our regions.
“The high-end regional growth plan promotes a range of business opportunities leveraging the region’s natural environment, resources and its unique location to domestic and international labor and business markets.
“With a focus on agribusiness, resources, tourism, energy transition, construction and public works, the plan sets out a path to create local jobs, economic growth and attract private investment. “
Quotes attributable to Top End Rivers Regional Economic Growth Committee Chair, Chris Tedcastle:
“The Top End region is a large and diverse region that has enormous potential for economic growth and job creation for our people.
“The high-end regional economic growth plan ensures that we focus on every opportunity in every unique part of our region.
“We look forward to continuing our work in partnership with key government agencies in the Northwest Territories to ensure that the infrastructure needed to grow our economy and improve our region’s quality of life advances. and that the support needed to realize our growth opportunities is available. »
Northern Territory Government