The WA Government released its economic development framework, Diversify WA, in July 2019. The vision of Diversify WA is for the state to have ‘a strong and diversified economy delivering secure, quality jobs through increased investment across a broad range of industries.
To achieve this vision, Diversify WA identified priority sectors of the economy that would be a development focus for government.
The following 8 priority sectors were identified based on a matching of global trends to the state’s strengths:
- Energy
- Tourism, Events and Creative Industries
- International Education
- Defence Industries
- Mining and Mining Equipment and Technical Services (METS)
- Space Industries
- Health and Medical Life Sciences
- Primary Industries
The Diversify WA framework also recognises the importance of activities that will improve value and productivity across multiple sectors of the external-facing economy. These cross-sector activities are:
- Supply Chain Management
- Advanced Manufacturing
- Science, Innovation and Technology
- Environmental, Social and Governance (ESG) Frameworks
Given our existing role in the development of many of these sectors, the Department is the lead agency for the implementation of Diversify WA.
