Close

Rugby World Cup spawns investment deals aplenty

Deals worth as much as $150 million are already in the pipeline for some Auckland businesses following the Rugby World Cup.

Deals worth as much as $150 million are already in the pipeline for some Auckland businesses following the Rugby World Cup.

Auckland Tourism, Events and Economic Development aimed to use RWC 2011 to make international business connections and showcase investment opportunities in Auckland, and ATEED business and sector development general manager Clyde Rogers said it was encouraging to see some significant negotiations already on the table.

“Our programmes were about establishing long-term relationships between Auckland businesses and overseas business visitors that will result in benefits for the region in years to come," he said.

"As a result of NZ2011 Business Club activity and sector showcasing opportunities, deals within key sectors are already underway and could deliver up to $150 million to Auckland’s economy, the earliest of these expected to be finalised in March 2012.”

ATEED’s investment showcase programme featured events that showcased Auckland’s priority sectors – marine, food and beverage, health technology, screen, creative and ICT – and highlighted the country as an innovative business hub.

Other events included the New Zealand Food Innovation Showcase, the Auckland International Boat Show, the Angel Investment Showcase held by The Icehouse and several others held by the NZ2011 Business Club, which connected international business people coming over for the rugby with Kiwis with similar business interests.

Icehouse chief executive Andy Hamilton said he was confident that close to a million dollars was raised on the night of the Angel Investment Showcase.