Expanding your business?
Think Sydney for investing for growth.
As one of the Asia Pacific's leading commercial and financial centres, Sydney provides many opportunities for companies wanting to expand internationally.
The city's business infrastructure is particularly strong, with open and well regulated legal and banking systems and long term political stability. Operating in a mature services economy, the people of Sydney possess a sophisticated range of business and technical skills.
Several sectors stand out as providing significant opportunities.
Australia's information and communications technology (ICT) market is the fourth largest in the Asia Pacific. The State of New South Wales (NSW) accounts for 37 per cent of Australia's ICT employment and 51 per cent of Australia's exports of telecommunication, computer and information services.
Sydney is the capital of Australia's ICT industry, with 76 per cent of Australia's ICT regional headquarters and operating centres located in NSW.
Sydney is recognised around the world as a major financial centre. Finance and insurance is the largest industry in NSW, with NSW making up 46 per cent of the national industry.
NSW is working for a sustainable future. Governments, businesses, education and research organisations and the wider community have shown a strong commitment to implementing sustainability measures. This commitment is driving growth in a range of related sectors, including clean technology.
The clean, green growing environment of NSW is world renowned. Because of its southern hemisphere location, NSW is ideally positioned to produce for and supply markets in Asia, Europe and North America during the northern winter. The State's food industry is highly diversified with strengths in grain, dairy, fruit, vegetables, meat and seafood products.
NSW is a leading low-cost producer of a range of metals and minerals including coal, gold, copper, silver, lead, zinc and gemstones. It is a major exporter of coal, gold, zinc, copper, steel and aluminium.
Manufacturing is big business in NSW, accounting for about one third of Australia's production, turnover and employment. NSW offers many advantages including a strong design and engineering solutions focus, innovative research and development and a wealth of engineering and manufacturing skills.
The construction and infrastructure sector is a considerable and growing part of the NSW economy. In 2009-10, the NSW construction sector represented 7.5 per cent of total industry value for NSW and accounted for 8.5 per cent of the State's total employment.
It's predicted that in the next 10 years, construction will move from the fourth to the second most valuable industry in NSW.
ICBC chose Sydney as its regional headquarters because Sydney is a leading financial centre in the Asia Pacific − a strong endorsement of Sydney's prominent position in the global financial market.
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