In the absence of a well-developed local manufacturing base for building materials, Papua New Guinea’s construction sector has largely depended on imported materials over the years, which has translated into high costs and slow development. However, recent government policy changes geared towards reducing imports of capital goods and...
What role do you see for fisheries in the government’s attempts to diversify the economy?
The development of special economic zones (SEZs) in Papua New Guinea has been a topic of discussion and debate for quite some time, with critics voicing concerns over the planning and implementation of projects in the pipeline. However, large-scale industrial parks remain a priority for the country as they offer a boost to manufacturing and...
While resources-related projects will always be the engine of the sector, the rising number of residential, hotel, retail, transportation and office developments are becoming increasingly important, as the country’s hosting of APEC events in 2018 and the expanding middle class continue to shift Papua New Guinea’s construction priorities. The...
How attractive is Papua New Guinea’s construction sector to both local and international companies?
Against a backdrop of increasingly severe and financially straining climate events and natural disasters, technology is poised to play an important role in maintaining and improving global agricultural output. The adoption of digital and precision farming practices has been shown to improve crop resiliency, and boost productivity and incomes,...
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