Mitsubishi Heavy Industries and the Sumitomo Mitsui Financial Group have signed two separate agreements with the NSW Government committing to establish a presence at the Western Sydney Aerotropolis.
Announcing the agreements, the NSW Premier Gladys Berejiklian said that federal, state and local Governments were “working together to make the Aerotropolis the most advanced city on Earth and now we are seeing the biggest companies in the world come on this journey with us.”
The investment agreements were signed a month after the University of Newcastle, University of NSW and University of Wollongong, and Western Sydney University agreed to join forces and create a world-class, higher education institution at the Aerotropolis.
They also follow an announcement last year from global defence and aerospace company Northrop Grumman of a $50 million investment in an advanced defence electronics maintenance and sustainment centre.
Minister for Western Sydney Stuart Ayres said the nation building activity of the Aerotropolis and Western Sydney Parkland City is attracting some of the biggest names in the game.
“The Japanese companies which have committed today will promote investment opportunities in transport, logistics, healthcare, education and renewable energy as well as other commercial, residential and community developments.”
Mitsubishi Heavy Industries (MHI) is a global corporation in aircraft, space, defence, transport, energy, maritime, automotive, industrial machinery and infrastructure. Sumitomo Mitsui Financial Group (SMFG Group) has a network of global clients across 40 countries and Sumitomo Mitsui Banking Corporation (SMBC) is one of Japan’s biggest banks.