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European Australian Business : 2008
Area: 800,642km 2 Population: 6.89m Capital: Sydney Gross State Product: A$335.1bn The Hon Morris Iemma MP Premier New South Wales 31 n Almost half of the top 500 companies in Australasia are located in NSW; and n More than 600 multinational companies run their Asia Pacific operations from Sydney. A key indicator of our commitment to business seeking to invest in NSW, is the new Office of the Coordinator Gen- eral – an office which will drive major projects and provide a convenient one- stop shop for assessing new private sector proposals. We have also set up the Interna- tional Business Relations Unit (IBRU) within the Department of State and Regional Development to assist foreign delegations and international investors visiting NSW in finding the right information for their business projects. Business investment has been particularly strong in NSW in recent years. In the 2006-07 financial year, business investment was more than $39 billion – 58 per cent higher than in the 2001-02 financial year. This strong growth is testimony to the fact that our State is an exciting and rewarding place to work and live. NSW offers a range of incentives including a highly skilled workforce, strong economy, first-class infra- structure, competitive costs and a top quality lifestyle. As well as being the economic pow- erhouse of Australia, Sydney also offers a wide range of leisure and en- tertainment options and is repeatedly chosen by leading international travel publications as the world’s best city for travellers. For those looking to Australia for future opportunities in the world’s fastest growing region, Sydney and NSW should be the first choice. In 2008 and beyond, NSW is open for business. The Hon Morris Iemma MP Premier of New South Wales new south wales