North Ryde. Hi-tech defence hub

The NSW Government Budget, next week, will include a $50 million parcel of government land, at Macquarie Park, to develop a high-technology defence business hub The land could be used to attract business investment by companies working in areas such as defence systems, electronics and other related advanced technologies,” said the Minister for State and Regional Development, Ian Macdonald. “The Macquarie Park/North Ryde area is already home to defence-related businesses, such as Raytheon and BAE Systems, and is the ideal location for the development of a defence technology business hub. The hub will help drive defence activities around the state, building our competitive advantage and maximise benefits to NSW by securing a significant share of defence work, especially in areas that best match NSW’s skills profile,” he said.