An integral component of the Papua New Guinea Government’s industrial development strategy is the promotion of investment in Papua New Guinea. The Investment Promotion Authority, established by an Act of Parliament in 1992, is responsible for this activity. Its focus is centered on attracting new investors to thecountry as well as encouraging existing investors, both foreign and domestic, to expand their investment.
Papua New Guinea, located on the eastern half of the island of New Guinea and 160 kilometers north of Australia, is rich in natural resources. Ranging from oil, gas and gold to fish, forests, coffee and spices, and much, much more, there is great investment potential.
Papua New Guinea comprises both the mainland and some 600 offshore islands and has a total land area of 470,000 square kilometers. PNG’s population currently stands at 5.1 million people with around 15 percent of the population living in the 10 major urban areas.
PNG has a moderate tropical climate with high levels of seasonal rainfall.
The Investment Promotion Authority in collaboration with the Business Council of Papua New Guinea and AUSTRADE have started preparations into the 26th Australia- Papua New Guinea Business Forum & Trade Expo to be held in Townsville, Australia from the 16th – 18th of May 2010.
The event this year will again feature the exhibition component of the forum which was initiated in 2007 and aimed at giving companies an opportunity to market their products known to existing and potential clients in either country and also to broaden their business relationships.
Click here to download registration forms.
Code 267 - Terry Bush Company is involved in the tour guide business as well as sawmilling in the Brahman area on the border of Eastern Highlands and Madang Provinces.
The site is also a tourist destination for trekking and bush walking where tour guide services are provided by the company.Download profile
Code 256 - The Gabina Oruba Lahara Plantation is owned by the Abau family through their family company, Lahara Plantations Limited. The Rubber Plantation has a land area of 316.059 hectares of which 80 plus hectares are planted with matured rubber trees. The plantation is located on portion 392 of Abau Milinch, Domara, and Cape Rodney, in the land is an Agriculture Lease area of which the title is held by the Abau Family through their company, Lahara Plantation Limited. The company is seeking a development partner to partner on a joint venture basis to revive, expand and manage the plantation and market rubber.
Code 247 - A project newly tapped into which has a lot of potential in Western Province. In past, the Saratoga (Jardini Sclera phages) fingerlings were illegally sold across the international borderof PNG and Indonesia at a very low prices. Now Ougarhan Investment Limited and Sirong Marine Products got together to operate under the license of Ougarhan Investment Limited tap into this project. The company is seeking a joint venture partner or buyers to buy Saratoga Fingerlings at the better price.
Code: 318 - The SEMABO Forestry Management Area (FMA) has a total forested area of 53, 000 hectares. It is a declared stand alone project located in the Balimo District of Western Province.
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