Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Auckland’s plan to attract investors ranks highly

Media release

21 January 2014

Auckland’s plan to attract investors ranks highly

A strategy developed by Auckland Tourism, Events and Economic Development (ATEED) to attract foreign direct investment into Auckland has been named fourth best in the Asia-Pacific.

The ‘Asia-Pacific Cities of the Future 2013/14’ rankings were compiled by highly respected fDi Intelligence, a division of the UK’s Financial Times and the world’s largest foreign direct investment (FDI) centre of excellence.

ATEED chief executive Brett O’Riley says the accolade is further global recognition of Auckland’s reputation as a city on the rise: “Auckland is turning heads with its level of business innovation and technology adoption, backed by Auckland Council’s ambitious economic growth plans, sound strategy and planning.”

“The actions ATEED is putting in place to deliver on Council’s vision to be the world’s most liveable city are garnering real attention from high net worth individuals and major corporate investors. We are creating the type of business and living environment which attracts multi-national companies and hugely talented entrepreneurs,” says Brett O’Riley.

fDi Intelligence collected data for 95 cities in the Asia Pacific region under five categories: economic potential; labour environment; cost effectiveness; infrastructure; and business friendliness. Asian powerhouse Hong Kong was named overall number one.  A sixth category, FDI strategy, saw cities submit details on their strategies for promoting FDI.

ATEED’s Business Attraction & Investment team, led by general manager David Caselli, managed Auckland’s FDI strategy submission.

The city’s ranking in the strategy category jumped to fourth, from seventh in the previous rankings in 2011/12. Auckland also broke into the top 10 in the labour environment category.

Brett O’Riley says: “Our goal is certainly to make the top 10 overall, and we’re under no illusions about the level of work required to compete with, and overtake Asia’s economic tigers. That’s why recognition for our strategic thinking is pleasing – we are showing the clever ideas which will keep us rising up the tables.”

“ATEED’s FDI strategy was developed over an 18-month period, which included reviewing about 15 other FDI strategies from international cities such as Copenhagen and Brisbane.

“I am proud of this recognition for the solid work ATEED’s investment and business attraction specialists are doing, including developing a top 100 list of multinationals and international investors in Auckland. ATEED has already engaged most to find out how we can help them do business in our region.”

Brett O’Riley says the strategy ranking is an important stepping stone in the journey to attract additional investment into the Auckland region.

“Having our strategy ranked fourth is a very useful building block to have, but there’s still a lot of work to do given the huge amount of investment required for major infrastructure projects. It’s now up to ATEED and the partners we collaborate with to execute against this strategy, including the development of major milestones such as the Auckland Investment Office, which will lead to Auckland’s rankings in other fDI category rankings rise.”

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

R18: The Warehouse Group Praised For Removing Games

The decision by New Zealand’s largest retailer The Warehouse Group (TW Group), to withdraw stocks of the latest version of Grand Theft Auto V (GTA V) and other R18 games, has been praised by advocacy group Stop Demand Foundation. More>>

ALSO:

Air NZ Wine Awards: Victory For Villa Maria As Pinot Noir Thrills

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More>>

ALSO:

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news