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.
The MoU is a sign of overseas investor interest in the Peel, which will help to create new industries and job opportunities in the region.
Deeper co-operation between the State Government, potential Singaporean investors and the academic sector will help to drive commercial agriculture opportunities in the Peel region and research and technology trials in intensive food and agriculture production, processing and value-add.
Murdoch University’s Singapore Centre for Research, Innovation, Productivity and Technology will 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.