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.
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...
The investment environment in Papua New Guinea is liberal and open. Official policy has been to welcome and selectively encourage foreign investment and to allow for the use of expatriate workers. The Investment Promotion Authority (IPA), which was established by act of Parliament, functions as a onestop shop and provides a wide range of...
Given the country’s long history of trade, industry and manufacturing, some of the big names in Papua New Guinea today, such as Paradise Foods, Pacific Industries, WR Carpenter and SP Breweries, have been around for decades. BNG Trading was founded so long ago, in 1924, that it predates the creation of the Territory of New Guinea – its name is...
Given the remoteness of many communities and resource development projects which have limited or no access to other modes of transportation, air travel in Papua New Guinea plays a more vital role in economic and social development than its regional peers. In a number of cases, the country’s 22 airports serve as the only reliable link to the...
Rugged terrain, tropical climate and a widely dispersed population present formidable challenges to Papua New Guinea’s transportation sector as it struggles to keep pace with rising economic growth. While the influx of investment over the past decade as the result of the construction of the PNG Liquefied Natural Gas (LNG) project has been a...
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