Sydney, the largest city in Australia, is looking to attract the best and brightest expats from around the world to fill skills shortages in the country.
The city, and the wider state of New South Wales, aims to increase its proportion of skilled migrants to 30 per cent of the total Australia takes, from a current low intake up 7.5 per cent. Among its plans is a new initiative to make it easier for migrants who make large investments in the state - more than A$750,000 (£487,000) - to gain visas and to apply for permanent residency.
Andrew Stoner, minister for trade and investment for NSW, said: "We want the best and brightest from around the world to help fill skills shortages and turn our economy around. Overseas migrants, foreign students and visitors are needed in NSW to help establish international relationships which support our cultural and economic links."
He added that expats from other countries "strengthen the economic vitality and diversity of the state" by proving diversity, new sets of skills, different experiences and international connections.
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