More than 100 senior business and political leaders from Australia will join institutional investors from North America, Europe, Asia and the Middle East today for the Citi A50 Sydney Investment Summit, led by NSW Treasurer Daniel Mookhey.
The Summit forms part of the two-day Citi A50 Forum, co-hosted by Citi, the NSW Government, and the Australian Government, to promote the city as a regional financial hub and unlock global capital into critical sectors across the state.
It follows the landmark Australian Superannuation International Summit in Washington and New York in February this year, an initiative by the Hon Dr Kevin Rudd AC, Ambassador to the United States of America, to showcase Australia's superannuation industry and boost investment ties.
Delegates will engage in strategic dialogue on Sydney's role as a financial centre in the Asia-Pacific amid a shifting global economic and technological landscape.
Discussions will focus on the investment opportunities and challenges facing institutional investors and capital markets, and how Australia and Sydney can continue to attract and deploy capital in critical sectors such as digital infrastructure and energy.
The Minns Labor Government has already launched a series of initiatives to attract global capital to NSW - initiatives which will grow the state's economy and leverage the unique opportunities NSW has to offer.
This includes unlocking $136 billion of potential investment through the Investment Delivery Authority, announced today, and the nation-leading $250 million critical minerals royalty deferral scheme.
Among the leaders addressing the Sydney Investment Summit are NSW Premier Chris Minns and Dr Rudd, as well as Blackstone Chairman and Chief Executive Officer Stephen Schwarzman.
Federal Treasurer Jim Chalmers will be speaking on day two of the Citi A50 Forum.
Sydney is home to the Reserve Bank of Australia, ASX, major banks, and more than half of the nation's private equity and venture capital sector.
Treasurer Daniel Mookhey said:
"The message we're sending is that NSW is open for business - and that's good for everyone. A strong, globally connected local economy means more jobs and more opportunities for growth.
"Hosting the Summit sets up NSW to compete on a world stage to attract investment and unlock new opportunities, particularly in housing and infrastructure.
"We started these conversations earlier in the year at the Superannuation Summit in Washington, DC and New York. With this week's Summit, we now have a chance to platform our local opportunities and turbocharge the influx of global capital into Sydney and help shape our future."
Citi Australia CEO Mark Woodruff said:
"I am delighted that Citi is collaborating with both the Australian and NSW Governments. This partnership is instrumental in showcasing Australia on the global stage, attracting international investors, and reinforcing its position as a premier destination for global capital."
