New strategy launched to drive Western Australia's economic future

The Western Australian Government has launched a targeted export investment strategy as part of its commitment to a more sustainable and diversified economy.

Future State: Accelerating Diversify WA builds on the Western Australian Government’s commitment to deliver a smarter, more sustainable and diversified economy.

The strategy focuses on the most significant opportunities to drive international investment to support Western Australia’s transition to a cleaner, greener, technologically applied economy.

Future State will look to accelerate the objectives of Diversify WA, Western Australia’s economic development framework, which identifies eight priority sectors for growth – energy, tourism and events, international education, defence industries, mining and METS, space industries, health and medical life sciences, and primary industry.

The strategy was developed in response to increased interest from investors, industry and international governments, following the rollout of the WA Government’s $195 Reconnect WA package.

Future State identifies nine more targeted opportunities to accelerate the economic diversification of WA:

• Renewable hydrogen production and scaling

• Advanced critical minerals processing

• Development of carbon capture, utilisation and storage projects

• Decommissioning of oil and gas infrastructure

• High-value food and beverage production

• Naval shipbuilding, sustainment and maintenance

• Manufacture of medical products and digital health devices

• Manufacture, utilisation and maintenance of space and cross-sector technologies

• Regional tourism destination development

The State Government, through Invest and Trade, will promote the opportunities highlighted in Future State through its growing network of international offices and support the strategy’s implementation through initiatives such as the newly launched WA Investments website and the Investment Attraction Fund.

To learn more and download your copy of the strategy, visit the Future State: Accelerating Diversify WA webpage.