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INVESTMENT SN
Northern Territory & Darwin
Darwin has developed into one of Australia’s most
APSHO
modern and multicultural cities. With a population
of 120,652, Darwin is the heart of commercial
activity in northern Australia and the most populated
area in the Northern Territory. The least populous
T
of Australian capital cities, the Northern Territory
experienced population growth of 2.2 per cent in
2008
1
and economic growth for 2007-08 is expected nor
to reach 3.7 per cent, following a rise in mineral and
energy production.
2
The Northern Territory occupies much of the centre
and northern regions of mainland Australia. With an
area of over 1,349,129 square kilometres the Territory
has a population of only 211,000 people, making it the visitors drawn to its wealth of culture and overwhelming
thern territory
most sparsely populated state or territory in Australia. physical beauty. In 2007-08, 1.394 million people visited
The recent completion of a transcontinental railway the Northern Territory, spending over A$1.6 billion.
3
It
from Adelaide to Darwin, and Darwin’s new East Wharf provides the quintessential Australian desert outback
facility have improved access and enhanced trade routes experience in the Red Centre and in Darwin, a vibrant
between Asia and south eastern Australia. cosmopolitan city in a tropical setting.
Lifestyle & Industry Investment Potential
Home to some of the most dramatic landscapes As the Australian capital city in closest physical proximity
Australia has to offer, the Northern Territory boasts to Asia, Darwin’s importance as a port is expected to
World-Heritage listed natural wonders such as Uluru/ grow, destined to become a hub of international trade.
Ayers Rock and the Kakadu National Park. The Northern The Northern Territory shows great potential for the
Territory maintains a flourishing tourism industry, with development and expansion of its minerals, petroleum
and energy sector, currently driving around 25 per
cent of its economy. Huge future economic growth is
predicted, from prosperous mining, tourism, defence and
agribusiness industries.
endnotes:
1
Australian Bureau of Statistics.
2
NT Treasury: Territory Economic Review, 2009.
3
Tourism NT: http://www.tourismnt.com.au/
IMAGES (Clockwise from top): Uluru (Ayers Rock); Kings
Canyon; Florence Falls, Litchfield National Park; Devils
Marbles; and Mt Olga.
INVEST IN AUSTRALIA – INDIA 47
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