Industry strengths

Sydney’s business and research smarts are creating a better tomorrow for us all

Knowledge has become an essential economic driver, with innovation the new battleground. As economies around the world jostle for advantage in key areas of competitive strength, Sydney is looking to its local smarts and shining a light on the sectors that will have the most to contribute to both our local and global future prosperity. 

Working closely with the NSW Government, Business Events Sydney is focused on attracting those meetings and conventions that will deliver the greatest benefit to NSW, and which have the most to benefit from connecting with our local talent and industry expertise.

We have strengths in the following industry sectors that can deliver genuine outcomes, for tomorrow and for your community:

1. Professional services
1. Professional services

More than 80% of NSW’s industry income is generated from services, making it one of the world’s largest service economies. In Sydney alone, financial, professional and business services now make a bigger contribution to Australia’s GDP than mining and agriculture combined. Watch video

2. Science and medical research
2. Science and medical research

NSW is the epicentre of Australia’s medical devices and pharmaceutical industry. It’s home to the headquarters of more than 75% of the multinational pharmaceutical companies in Australia and 45% of the country’s medical devices industry. Watch video

3. ICT and the digital economy
3. ICT and the digital economy

NSW boasts numerous technology parks that are supported by a culture of innovation and venture capital investment. And 64% of Australia's tech start-up companies are based in NSW. Watch video

4. Education and research
4. Education and research

Each year, more than 200,000 international students from over 160 countries study at NSW universities, colleges and schools. Our education system is world-renowned, offering world-class teaching, infrastructure and research facilities, as well as a safe, supportive, inclusive and quality environment. Watch video

5. Arts, culture and creative industries
5. Arts, culture and creative industries

NSW’s thriving arts, culture and creative sector is the largest in Australia, and is projected to be a key driver of the state's economic growth, exports and innovation over the next decade. Home to a cluster of creative businesses, the state also has a thriving museum and art gallery culture. Watch video

6. Agribusiness and food
6. Agribusiness and food

NSW is a key part of the Australian 'food bowl', producing a substantial share of the nation's food and agricultural goods. It’s home to more than 2,000 food processing companies and some of the world’s best wine regions.

7. Advanced manufacturing
7. Advanced manufacturing

Sydney is a key industrial centre. It leads the way in the export of medicinal and pharmaceutical products, as well as professional and scientific equipment, and it’s home to some of the nation's most innovative manufacturers, including bionic ear pioneer Cochlear and globally renowned audio company RØDE Microphones.

8. Aerospace and defence
8. Aerospace and defence

NSW has the largest number of defence bases and facilities in Australia, and it’s home to the national headquarters of some of the world’s largest defence contractors. Defence activities in NSW generate in excess of A$5 billion annually.

9. Renewable energy and sustainability
9. Renewable energy and sustainability

NSW is home to numerous world-class clean technology business and research institutions. They’re not only leading the country, but also the world, in reducing energy consumption, producing clean energy and tackling environmental challenges.

10. Infrastructure and construction
10. Infrastructure and construction

As a developed modern economy, NSW has a large portfolio of infrastructure assets and a strong pipeline of future projects. More than $60 billion in infrastructure investments will take shape over the next 4 years. From internet connections to safe drinking water, these networks make NSW tick.

Want to know more? Intellectual Capitals: Sydney Shines is a guide to our strong knowledge economy and features some of the country’s business and academic leaders – our bright minds – who share their views on what is special about Australia’s global city.

NSW also has strengths in mining and resources and tourism.

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