The NSW Government has signed two international investment agreements with two of Japan’s biggest multinationals to establish a presence in the Western Sydney Aerotropolis.
Mitsubishi Heavy Industries and the Sumitomo Mitsui Financial Group have signed two separate agreements with the NSW Government and committed to be a significant part of the Aerotropolis.
“It is so exciting that Mitsubishi Heavy Industries and the Sumitomo Mitsui Financial Group have decided to have such a large footprint in the Aerotropolis and we can’t wait to hear more about their plans,” NSW Premier Gladys Berejiklian said.
“It is not every day you get the chance to build a city from the ground up, but we know we are on the right track because, as we can see, international business confidence in the Aerotropolis is sky high.
“The Western Sydney Aerotropolis will be the heart of the Western Sydney Parkland City where there will be 200,000 jobs, the best educational opportunities and the highest quality lifestyle you can imagine.
“Federal, State and Local Governments are working together to make the Aerotropolis the most advanced city on Earth and now we are seeing the biggest companies in the world come on this journey with us.”
The latest investment agreements have been signed a month after the University of Newcastle, University of NSW and University of Wollongong, and Western Sydney University agreed to join forces and create a world-class, higher education institution at the Aerotropolis.
It also follows an announcement last year from global defence and aerospace company Northrop Grumman of a $50 million investment in an advanced defence electronics maintenance and sustainment centre.
Minister for Western Sydney Stuart Ayres said the nation building activity of the Aerotropolis and Western Sydney Parkland City is attracting some of the biggest names in the game.
“It’s no wonder companies from NSW’s second biggest trading partner, Japan, are first in line to sign up to the Western Sydney Aerotropolis,” Mr Ayres said.
“The Japanese companies which have committed today will promote investment opportunities in transport, logistics, healthcare, education and renewable energy as well as other commercial, residential and community developments.”
Mitsubishi Heavy Industries (MHI) is a global heavyweight in aircraft, space, defence, transport, energy, maritime, automotive, industrial machinery and infrastructure. Sumitomo Mitsui Financial Group (SMFG Group) has a network of global clients across 40 countries and Sumitomo Mitsui Banking Corporation (SMBC) is one of Japan’s biggest banks managing a balance sheet in the trillions of dollars – more than the entire Australian economy.