A proposed “agri-innovation” precinct in the Peel region has taken a step forward, with a significant Memorandum of Understanding signed between the state government, Fund Singapore, Murdoch University and the Peel Development Commission.
Regional development minister Alannah MacTiernan said the MoU was a sign overseas investor were interested in the Peel and would help to create new industries and job opportunities in the region.
“We recognise that co-operation in agri-tech development, intensive food production and innovative start-up enterprises between Singapore and WA will contribute to the Peel and WA’s economic competitiveness and adoption of innovation, as well as supporting Singapore’s food security,” she said.
Signing on the dotted line: Associate Professor Chris Vas, Murdoch University Singapore, regional development minister Alannah MacTiernan, PDC chairwoman Paddi Creevey and chief executive of Fund Singapore Lester Chan sign a MoU aimed at attracting investment to Transform Peel project. Photo: Supplied.
“Closer ties with our Singaporean neighbours and the university sector will help to encourage investment into the Peel Business Park and Peel region.
“The Peel has real natural advantages in food production and, through the Transform Peel project, we are confident we will see more diverse industries and more job opportunities in the region.”
According to Ms MacTiernan, deeper co-operation between the state government, potential Singaporean investors and the academic sector would help to drive commercial agriculture opportunities in the Peel region and research and technology trials in intensive food and agriculture production, processing and value-adding.
Former regional development minister Terry Redman announces Transform Peel is “open for business”.
Murray-Wellington MP Robyn Clarke welcomed the signing of the agreement.
“This Memorandum of Understanding is an important step forward in the Transform Peel project, which will bring a significant number of job opportunities to the region,” she said.
“The region is perfectly positioned to become the state’s centre of agri-innovation, and it’s great to see investor interest in the project already occurring.”
Murdoch University’s Singapore Centre for Research, Innovation, Productivity and Technology had agreed to lead and manage industry outreach and investment attraction to the precinct on behalf of Fund Singapore.
An agri-innovation precinct forms part of the broader Transform Peel project, which includes the Peel Food Zone, Peel Business Park and Peel Integrated Water Initiative, designed to drive job creation and economic diversification in the Peel region.