On 4 July 2019, the Premier launched Western Australia’s Economic Development Framework -
Diversify WA. The Framework provides an economic blueprint for collaboration between government, industry and the community, and supports government’s focus on creating secure, quality jobs, growing and diversifying the economy and attracting investment.
Diversify WA provides a roadmap to support Government’s
Our Priorities: Sharing Prosperity – Stronger Economy target of an extra 150,000 jobs mid 2024 (including 30,000 regional jobs).
Diversify WA matches Western Australia’s unique strengths and competitive advantages with global mega-trends, and identifies six priority economic sectors that present significant growth and diversification opportunities. It sets a vision for WA’s economy, and outlines the initiatives, actions and strategies that will contribute to achieving the vision.
While the focus of
Diversify WA is on government actions, it is the private sector that play the more pivotal role in WA’s economic future. Government will predominantly provide the strategic foundations for growth and diversification, including a stable regulatory environment, appropriate infrastructure and sound fiscal management.
The Government will shortly prepare a Prospectus, highlighting to rest of the world the opportunities available, and the benefits of living, working and visiting WA. By providing industry with the confidence to invest and grow their businesses in WA, the Government will deliver a sustainable, resilient and growing economy that provides prosperity and ensures jobs for all Western Australians.
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