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New Zealand pitches itself as safe haven in ‘global storm’

Bloomberg
Bloomberg • 3 min read
New Zealand pitches itself as safe haven in ‘global storm’
New Zealand’s prime minister pitched his country as a safe haven in an unstable world as he opened an investor summit aimed at attracting foreign capital. Photo: Bloomberg
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New Zealand’s prime minister pitched his country as a safe haven in an unstable world as he opened an investor summit aimed at attracting foreign capital.

“New Zealand has been and will continue to be a poster child for social and political stability in a more volatile and challenging world,” Christopher Luxon told delegates at the outset of the two-day New Zealand Infrastructure Investment Summit on Thursday in Auckland. “That reputation is long-standing, but in challenging times it has come into sharper focus.”

Luxon’s centre-right government wants more foreign direct investment to boost economic growth ahead of a 2026 election. It is cutting red tape and speeding consents for major projects, from transport and energy infrastructure to housing and mining.

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