How attractive is Papua New Guinea’s construction sector to both local and international companies?
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Interviews & Viewpoints | Graham Boddington, General Manager, Northbuild Construction: Interview from The Report: Papua New Guinea 2018
Articles & Analysis | Construction projects in PNG increasingly being developed by Chinese firms from The Report: Papua New Guinea 2018
China’s Belt and Road Initiative (BRI) is becoming one of the main drivers of construction activity in Papua New Guinea. Local media reported that China has overtaken Australia as the largest donor to the South Pacific region, pledging $4bn in 2017; however, the nation’s growing presence in the region has also raised some concerns.
Articles & Analysis | Resource projects and large-scale events create demand in PNG real estate sector from The Report: Papua New Guinea 2018
The property market in recent years has been heavily influenced by extractive projects and, more recently, Papua New Guinea’s hosting duties as chair of the APEC forum in 2018. These have created a serious gap in supply and demand, which has affected prices.
Articles & Analysis | Land reform to expand access to the PNG real estate market from The Report: Papua New Guinea 2018
Although a downturn in the commodity cycle, the end of construction on the Papua New Guinea liquefied natural gas (LNG) project and long-standing ambiguities over land rights have constrained development in the real estate sector, changes are afoot that could lead to significant improvements. About half a dozen major housing projects are now...
Chapter | Construction & Real Estate from The Report: Papua New Guinea 2018
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 in 2018 and the expanding middle class continue to shift Papua New Guinea’s construction priorities. Although a downturn in the commodity cycle, the end of...
Although Papua New Guinea’s macroeconomic slowdown, challenging business climate and falling global commodity prices have weighed on trade and investment in recent years, the country continues to offer high-potential opportunities to investors.