Abundant Natural Resources
Papua New Guinea is rich with natural resource. Its economy is distinctively dualistic – a modern economy based on mining (gold, silver, copper, Nickel) and petroleum and natural gas production, and a traditional economy based on fishing, forestry, coffee, palm oil, copra, cocoa and vanilla which provides livelihood for 85% of the rural population.
With such abundance of resources, Papua New Guinea is among the top of the world’s investment destination.
Strong Economic Growth
In 2010 Papua New Guinea realized a real GDP growth of 7.1% which substantially is above world’s average growth rate of 4%.
Papua New Guinea’s economy has experienced a steady growth since 2003 which was attributed to an environment of political stability unprecedented since independence in 1975.It has enjoyed this strong economic growth benefiting from half a decade of favorable global economic conditions with strong and sustained world growth.
Liberal Investment Environment
PNG aspires for an investment regime that is transparent and compatible with international best practice which is conducive for Foreign Investment.
It promotes a liberal investment environment, which welcomes Foreign Investment in any sector.
Papua New Guinea is continuously embarking on creating a conducive environment by undertaking major reforms.
The current investment condition is also comparable as any conducive investment environment in the world.