Articles tagged with Investment
Trade Minister Todd McClay Strengthens ASEAN Ties for NZ's Economic Growth
2 days ago | 51 viewsTrade and Investment Minister Todd McClay is heading to Kuala Lumpur for high-level ASEAN Economic Ministers’ Meetings, marking the 50th anniversary of New Zealand’s Dialogue Partnership with ASEAN and emphasizing the commitment to elevate the relationship to a Comprehensive Strategic Partnership. With ASEAN being New Zealand’s fourth-largest trading partner, valued at over $29 billion annually, the focus is on strengthening ties to double export value in a decade. Trade with ASEAN has doubled under AANZFTA in the past 15 years, with potential for further growth, and Mr. McClay aims to advance New Zealand’s priorities, support Kiwi businesses, and foster strong trade relationships during his visit.
Tags: Todd McClay Trade Investment Minister ASEAN New Zealand AANZFTA Kuala Lumpur exports partnerships MalaysiaGovernment Accelerates $413 Million School Infrastructure Investment to Enhance Learning Environments and Boost Economy in New Zealand
3 days ago | 159 viewsThe Government is accelerating $413 million investment in school infrastructure to improve classrooms, boost builders and tradies in New Zealand, and ensure all children have access to safe learning environments. This investment includes $58 million for maintenance work, $255 million for improvements in isolated and rural schools, and $100 million for urgent infrastructure projects over five years. The aim is to support schools, stimulate the economy, and drive efficiencies in school property management to benefit students, teachers, and communities.
Tags: Government investment school infrastructure classrooms builders tradies New Zealand Education Minister Erica Stanford maintenanceGovernment’s Centralized Digital Investment Strategy to Save Billions and Enhance Public Services
3 days ago | 114 viewsThe Government announced a shift in digital investment and procurement in the public sector, aiming to save up to $3.9 billion in the next five years. The Government Chief Digital Officer (GCDO) will lead decision-making for digital investments, potentially saving 30% of the projected $13 billion technology spend. The goal is to transition to a citizen-focused, digital-first public service model, improving efficiency and providing better digital services while maintaining traditional service options.
Tags: Judith Collins Government Chief Digital Officer digital investment procurement public sector New Zealanders technology spend taxpayer money public servicesGovernment's $100 Million Investment to Upgrade NZ Hospitals for Better Healthcare
4 days ago | 52 viewsThe Government is investing $100 million to upgrade hospital facilities in New Zealand, focusing on modernizing and expanding clinical spaces to improve healthcare quality and access. The funding, part of Budget 2025, aims to address neglected infrastructure and ensure timely, quality care for all citizens. The program includes local projects nationwide and remediation efforts to strengthen essential hospital infrastructure, creating jobs and supporting frontline staff while enhancing patient care and hospital resilience.
Tags: Government investment hospital facilities Health Minister Simeon Brown Budget 2025 public services healthcare clinical spaces infrastructure New ZealandersNew Teacher Bonding Scheme: Incentives to Support School Recruitment Challenges
6 days ago | 154 viewsThe new Teacher Bonding Scheme, announced by Minister of Education Hon Erica Stanford, aims to support schools facing recruitment challenges by offering incentives of up to $40,000 over five years for teachers who remain at eligible schools. This initiative will help attract and retain great teachers, ensuring all children receive quality education. The scheme, set to start in October, will replace the existing Voluntary Bonding Scheme and BeTTER Jobs Programme, with a focus on addressing regional and urban recruitment disparities.
Tags: Teacher Bonding Scheme teachers incentives schools recruitment challenges Minister of Education Erica Stanford students education investmentGlobal Uncertainty Impacts Economy: Minister Willis on Latest Stats NZ Data
1 week ago | 107 viewsFinance Minister Nicola Willis highlighted the impact of global uncertainty on consumers and businesses based on released economic data. Stats NZ reported a 0.9% decline in real Gross Domestic Product in the second quarter following an initial increase. Willis attributed this downturn to international turmoil and tariffs affecting investment decisions. Looking ahead, there are positive signs of economic recovery, with lower interest rates, increased mortgage lending, and a forecasted strengthening of economic growth as tariff-related uncertainty diminishes.
Tags: Economic data global uncertainty consumers businesses Finance Minister Nicola Willis Gross Domestic Product tariffs investment decisions interest ratesNew Zealand and Saudi Arabia Establish Business Council to Boost Trade and Investment
1 week ago | 86 viewsMinister for Trade and Investment Todd McClay and Saudi Minister of Investment H. E. Dr Majid bin Abdullah Al-Kassabi signed a joint statement establishing the New Zealand–Saudi Arabia Business Council to enhance trade and investment between the two countries. Saudi Arabia, a top 20 export market for New Zealand with a significant economy, presents lucrative opportunities, especially with the upcoming free trade agreement with the Gulf Cooperation Council. The Business Council aims to support exporters, raise awareness of opportunities, strengthen relationships, and contribute to the government's goal of doubling exports in 10 years, ultimately creating more jobs and economic growth for New Zealand.
Tags: Minister for Trade and Investment Todd McClay Saudi Minister of Investment New Zealand–Saudi Arabia Business Council Saudi Arabia trade investment free trade agreement Gulf Cooperation Council exportersNew Zealand's $1.36B Rail Network Investment Programme: Overhaul and Modernization Plan 2024-2027
1 week ago | 87 viewsThe 2024/25-2026/27 Rail Network Investment Programme, led by Rail Minister Winston Peters, allocates $1.360 billion over three years for infrastructure projects benefiting provincial New Zealand. The focus is on rebuilding railways to enhance economic efficiency and connectivity, with detailed regional summaries outlining extensive track maintenance and upgrades across the country. The investment includes new train control centers, wagons, locomotives, and ferries, emphasizing the importance of ongoing infrastructure maintenance and renewal to support a thriving rail network.
Tags: Rail Network Investment Programme Infrastructure Investment Winston Peters Railways New Zealand Sleeper Culvert Renewals BridgesEnhancing Investment Links Between New Zealand and Saudi Arabia for Mutual Growth
1 week ago | 114 viewsMinister Todd McClay met with Saudi Arabia’s Minister of Investment to enhance investment ties between the two countries, leveraging Saudi Arabia’s Vision 2030 reform agenda. The meeting follows the New Zealand-Gulf Cooperation Council Free Trade Agreement and aims to boost trade and investment cooperation, focusing on key growth sectors like renewable energy and tourism. Both ministers agreed to establish a Cooperation Framework Agreement to facilitate investment opportunities and strengthen collaboration between the two countries.
Tags: Minister for Trade Investment Todd McClay Saudi Arabia Vision 2030 New Zealand Gulf Cooperation Council renewable energy cleantech advanced food productionNew Zealand and Saudi Arabia Forge $100 Million Trade Partnerships
1 week ago | 109 viewsMinister Todd McClay announced five new commercial partnerships between New Zealand and Saudi Arabian companies during a Trade and Investment mission in Riyadh, expecting over $100 million in commercial value. The partnerships aim to deepen trade relations, boost exports, and align with Saudi Arabia's Vision 2030 for premium solutions. Examples include collaborations in nutrition products, fruit production, animal management, and creative industries like design and construction.
Tags: Todd McClay Trade Investment Agriculture New Zealand Saudi Arabia Partnerships Commercial Exporters Vision 2030New Zealand Government Unveils $70 Million Boost for Major Events and Tourism
1 week ago | 113 viewsThe Government has unveiled a $70 million investment package to boost major events and tourism projects in New Zealand, aiming to stimulate economic growth and confidence. Tourism and Hospitality Minister Louise Upston emphasizes the importance of major events in supporting local economies, creating jobs, and attracting visitors. The package includes funding for securing international events, supporting existing events, promoting regional tourism, and upgrading tourism infrastructure to enhance New Zealand's competitiveness as a tourism destination.
Tags: Government Louise Upston Tourism Events Investment Economy New Zealand International Funding InfrastructureNew Zealand Trade Mission to Riyadh: Strengthening Ties with Saudi Arabia
1 week ago | 191 viewsMinister Todd McClay will lead a delegation of 21 New Zealand businesses to Riyadh to enhance trade ties with Saudi Arabia, aiming to tap into the country's significant economic potential outlined in its Vision 2030 strategy. The mission will spotlight New Zealand's strengths in food, agriculture, technology, and creative sectors, aligning with the government's goal to double export value in a decade and support Saudi Arabia's development objectives. With Saudi Arabia already a key export market for New Zealand, bilateral trade has seen substantial growth, reaching $1.58 billion, showcasing the mutual benefits of the partnership.
Tags: Todd McClay Trade Investment Agriculture New Zealand Saudi Arabia Business Delegation Export Food Security DevelopmentEmpowering Communities: Updates on Family Violence Prevention and Child Welfare Initiatives
1 week ago | 114 viewsThe Minister for Prevention of Family and Sexual Violence and Minister for Children acknowledges key individuals and organizations in the field. Updates are shared on Te Aorerekura, the Oranga Tamariki Action Plan, and efforts to address trauma and prevent violence. The government is focused on improving multi-agency responses, workforce capability, and effective commissioning and investment processes to better support vulnerable children and families. Collaboration, communication, and social investment are emphasized to enhance service delivery and support community well-being.
Tags: Minister for Prevention of Family and Sexual Violence Minister for Children Marama Davidson Emma Powell Benesia Smith Claire Achmad Te Aorerekura Oranga Tamariki National Strategy on Family Violence and Sexual Violence Social Investment FundGovernment Invests $1.6M to Repair Tasman's Great Taste Cycle Trail, Boosting Tourism and Local Economy
1 week ago | 102 viewsThe Government is investing $1.6 million to repair and reopen Tasman’s Great Taste Cycle Trail, damaged by recent storms, aiming to boost tourism and support local businesses. The funding will address flood and wind damage by repairing sections, replacing infrastructure, and creating alternative routes. Reopening the trail will benefit the Nelson-Tasman region, reconnect communities, and provide opportunities for locals and visitors to enjoy the outdoors.
Tags: Government investment repair trail funding tourism Louise Upston weather communities businessesGovernment Invests $300 Million in School Infrastructure Upgrades
2 weeks ago | 150 viewsThe Government is investing approximately $300 million to repair and upgrade 33 schools with challenging property conditions, aiming to provide safe and improved learning environments for children. The initial $87 million investment will address urgent needs in seven schools, with construction set to begin within the next 12 months. Efforts include cost-saving measures, such as modular construction and standardized designs, to deliver efficient and quality solutions, with further tranches of funding planned for future projects.
Tags: Government school infrastructure investment Education Minister Erica Stanford classrooms refurbishment construction efficiency transparency children