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Property News

Northern Territory continues to attract investment, job potential

February 13, 2012

The Northern Territory is working hard at bolstering the economy in the region and the effort becomes apparent as benefits begin to trickle in.

New projects, investments and exciting events continue to flow to the area with two more lucrative announcements coming in last week.

Official signatures and handshakes confirmed the JKC joint venture to build the Ichthys Project's onshore facilities.

Chief minister Paul Henderson says that Territorians have already started to benefit from the $34 billion project through direct employment, subcontracts and local business.

Mr Henderson added that further onshore contracts were to be announced in the coming days.

Meanwhile Alice Springs prepares for an influx of tourists this October when the city puts on the 2012 Alice Springs Masters Games. The event will feature music and entertainment in addition to 33 focal sporting events.

The area is expected to host roughly 4,000 competitors along with their supporters, and will likely bring millions of dollars to local businesses in the region.

The economic boost is in addition to recent investments into health and education in the state, making the Northern Territory attractive for residential property investment.

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