A PROPOSED agri-innovation precinct in the Peel has taken a step forward with a significant Memorandum of Understanding (MOU) signed between the State Government, Fund Singapore, Murdoch University and Peel Development Commission.
The MOU is a sign of overseas investor interest in the Peel that will help create new industries and job opportunities.
Deeper co-operation between the State Government, potential Singaporean investors and the academic sector will help drive commercial agriculture opportunities in the Peel 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.
Regional Development Minister Alannah MacTiernan said closer ties with Singapore and the university sector would help encourage investment into the Peel Business Park and Peel Region.
“The Peel region 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,’’ she said.