How can the local construction industry benefit from increasing competition in order to bring its standards to international levels?
How can the local construction industry benefit from increasing competition in order to bring its standards to international levels?
Roused by an adrenaline shot from the $19bn Papua New Guinea liquid natural gas (LNG) project that kicked the country’s construction sector into overdrive from 2009, the industry must now prove it has the staying power to sail smooth in the years after the boom, when the sector made up as much as one-fifth of real GDP.
How would you assess Papua New Guinea’s investment climate when compared to the wider region?
With strong natural advantages in agribusiness, Papua New Guinea has good soil and abundant rainfall. Because most of its fertile land is farmed using traditional methods, much of its output is organic or de facto organic. As consumers across the world demand better-quality foods, PNG’s remoteness and relative lack of industrial development...
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