Papua New Guinea’s economy has shown itself to be remarkably resilient since the commencement of the current global financial crisis. Political stability, consistent Government surpluses and a period of sustained GDP growth have combined to put the economy in a position to weather the worst of the storm.
There are significant investment and service provision opportunities in PNG’s resources sector, most notably around gold and liquefied natural gas. It is this increasing diversity of PNG’s economy that makes it so attractive for foreign direct investment.
Strong local demand is driving building and construction activity, opportunities for public-private partnerships are emerging and the on-shore tuna processing industry continues to receive more investment.