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.
Madang Marine Industrial Park Project
An Initiative of the Government of Papua New Guinea and the Parties to the Nauru Agreement(PNA) to develop a regional tuna transshipment and processing hub in the Western and Central Pacific.
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Code 260 - Romphil Enterprises has been involved in the retailing business in East New Britain Province.
The company is proposing to venture into hotel industry within the Tokua airport, a legally and readily available land who owns portion of the land.
Code 278 - The ranch was initiated in 1981 with the allocation of funds from the Milne Bay Provincial Government. The objective is to raise 20,000 heads of breeder cattle to provide beef for the Milne Bay Province, with an annual turn-off of 6,000 beasts.
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Code 258 - The proposed fishing project is to be located in East Sepik Province, Papua New Guinea.
Code 263 - The plantation has potential for expansion with sustainable development activities and would span over 30 years maximum cycle management period.
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
