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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.

 

Welcome to the Land of Opportunity  

 

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.

 

Last Updated ( Friday, 09 July 2010 )
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IPA moves into its new office location

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The Investment Promotion Authority office has been relocated to the “IPA Haus” along Munidubu Street, at the corner of Lawes Road and Champion Parade in

Konedobu from its former offices in Credit Corporation Building and the Monian Tower in Town.

The relocation is part of IPA’s plan to consolidate all its operations under one roof and to better manage its programs under the recent policy changes to

the institution.

 

Last Updated ( Monday, 06 September 2010 )
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IPA NO LONGER ACCEPTS CASH PAYMENT ON SITE

The Investment Promotion Authority advises that as a matter of policy change, it will no longer accept cash payments at its new office located at IPA Haus, Munidubu Road, (corner of Lawes Road and Champion Parade) Konedobu.

Last Updated ( Monday, 06 September 2010 )
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Business Opportunities - CLICK on link to get more information
Fisheries Code 506 - Coral Sea Delights Limited is 100% nationally owned and registered PNG company. The company was registered for the purpose of Fisheries Developments, Fish Processing, Fish Farming and Fish Marketing. The company was granted a fishing license by the National Fisheries Authorities in May 2003. Some of the products that the company has for exports include dried sea products of beche-de-mer, shark fins, shells and salt-water crocodile and meat.

OIL PALM Code: 299 - Matawat Oil Palm Limited is a joint venture arrangement would operate the nucleus system where the main activities would be managed by a management company and in the process would take the company to take over. The company is also aiming to expand oil palm business operations with a possibility of the establishing a mill that also produces crude oil palm and further into bio-fuel production. The company is looking at the expansion area of about over 6000 hectares to undetake this operation. The Matawat Oil Palm Development Limited through a joint venture aim to operate the nucleus agro model of oil palm development to develop the three components of the project. The company is seeking a joint venture partner.

Paper recycling Code 248 - Horizon Prints, a local paper recycling company is seeking a joint venture partner or an importer for unsold and unwanted newspapers for use in re-cycling.

Cocoa

Code 236 -Aglive Suppliers Limited is seeking joint venture partner to assist in terms of finance, marketing and logistics to do direct exporting of cocoa to trade markets overseas. They have been selling their cocoa to foreign own companies based on the island for the last fifty years.



LIMESTONE Code: 272 - The lime manufacting industry has been experiencing rapid growth over the last several years, and is expected to continue to increase production for the foreseeable future. A vital component to the success of this industry in the sales and marketing of specially lime which are primarily sold to growing number of chemical industries in the world. The limestone mining was specifically for road construction and soil stablization along the highlandd highway. The result of the limestone analysis done on six limestone samples collected at various sites are encouraging and required further limestone resource drilling and sampling. The company is seeking a joint venture partner to develop the limestone project.

Cocoa Exporter Code 224 - A local business seeking potential cocoa buyer overseas to join us under a joint venture arrangement to go into vibrant cocoa business

Fisheries/Marine Code 401 - Meii Enterprises Limited, is 100% local company incorporated in 1995, proposes to develop and promote the small commercial tuna vertical long line fishing on a village level of operation, and to assist interested participants into joining this type of vertical long line pump boat tuna fishing in the area of technical, management and marketing. The company aims to arrange necessary finance or JV arrangement to purchase a small scale Pump Boat for the Tuna Long line fishing project.

Salt Processing Code: 271 - This project proposal done by a local businessman and a landowner for the proposed project site for an interested investor to consider. A slat processing and manufacturing facility had been proposed a few capital and expertise required is substantial but the establishment of a salt processing and manufacturing plant will be advantageous since it will be the second salt factory to be established in the country. The company is seeking a joint venture partner to develop the salt processing project.

Yogiyogi Gorane Butchery

Code: 355 - The business venture has secured a temporary license for Section 1 Lot 27 with an estimated 0.175 hector which was surveyed by an independent surveyor and is now in the process of securing permanent license.

The business is also seeking to secure licenses for Section 1 Lots 25 & 26 which are adjacent to Section 27.

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Fishing Industry

Code 237 - Aqualeax Limited is seeking a joint venture partner in fishing industry.



Sealand Commercial Fishing Project

 Sealand Commercial Fishing Project- Code 286

 

Sealand Investment Limited is a 100% nationally owned company with it’s registered office located in Madang, Madang Province, Papua New Guinea.



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