Emerging Industries/ Advanced Manufacturing Investment Opportunities There are opportunities investment in the development of the following emerging industries, including: 1. Forest thinning around settlements and the introduction of mosaic burning reduces fuel loads, bushfire risk and offers an investor-driven approach to returning WA’s native forests to the open parkland structure that existed before 1826. 15 Thinning provides timber for boutique local manufacturing and delivers unprecedented tourism opportunities. 2. Soft and native hardwood plantations offer significant investment options as global demand for structural and high value decorative timbers grows while carbon offsets appreciate in value. 3. Renewable energy is creating an opportunity across regional WA for industry to capture returns through investing in the recycling of bulky and heavy waste materials as well as value-added circular economy manufacturing operations using recycled materials as inputs. 4. Investment opportunities in drone technologies exist across multiple regional airports through the Muresk Institute based Centre for Aviation Performance and Training. 5. Widespread investment opportunities exist across every industry and every region to capture returns through sequestering carbon for resale as rapidly appreciating carbon offsets. 6. Renewably powered Green Steel and Green Aluminium refining offer emerging opportunities for regional manufacturing in WA. Such production is most effective when located adjacent to mineral resources to add value to primary production, where there is also high solar gain to power solar energy and reduce the requirement to transport hydrogen 7. There is an opportunity to invest in regional tourism offerings that showcase space industry sites, Aboriginal cultures, dark sky observation spots and natural and mined geological features. 8. There is an opportunity invest in the development of internationally co-ordinated regional tourism destination brands to improve awareness of these unique features. There is momentum in the form of WA’s Dark Sky and Astrotourism Position Statement, regional tourism strategies, the UNESCO geo-parks certification scheme and existing infrastructure such as observatories and industrial sites. Together they offer certainty and pathways for harnessing international market demand.
15
Date of the first settlement in King George Sound, Albany.
26 | WA Investment Prospectus 26 | WA Investment Prospectus
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