Western Sydney - industry and employment
The Sydney Metropolitan Plan forecasts the Western Sydney population to reach 2.9 million by 2036 and locates the greater part of this population growth in the North West and South West Growth Centres and, in further developing regional centres. The Metropolitan Plan forecasts highlight the need to create the capacity for 760,000 more jobs across Sydney by 2036 – with 50% located in Western Sydney. This would include a proposed doubling of projected employment in south-west Sydney and further strengthening of Parramatta as Sydney's second CBD.
The three river cities of Parramatta, Penrith and Liverpool, will continue to be developed as major regional centres concentrating employment, retail/commercial and mixed developments to support an integrated, sustainable and vibrant region.
Located near the intersection of the M4 and M7 motorways, the Western Sydney Employment Area is expected to eventually accommodate approximately 40,000 workers. The site is easily accessible to people living in Western Sydney's North West and South West Growth Centres.
Major industry sectors
Western Sydney is home to over 159,056 businesses. Construction accounted for the largest number of businesses in the region. In addition, Western Sydney has a significant transport and logistics sector and is a strategic distribution hub for goods throughout Australia.
The region has a robust professional services sector located primarily in major commercial centres including Parramatta, Norwest and Penrith. There is also strong representation in retail, health and social assistance, property and business services, finance and insurance, construction, transport and distribution and wholesale trade.
Finance and insurance, health and community services and transport and distribution sectors have been growing strongly in recent years.
A number of major multinational companies have operations in Greater Western Sydney, including BHP Billiton, Coca-Cola Amatil, Qantas, Sony and Canon.