Monday 12 August 2024
Prime Minister Hon. James Marape officially launched the 2024 Papua New Guinea Investment Week, an initiative of the PNG Chamber of Resources & Energy (PNG CORE), on Thursday 8 August 2024.
The event will be held at the International Convention Centre in Sydney, Australia, from December 6-11, 2024.
“This newly branded event marks a significant shift from the annual PNG Resources & Energy Investment Conference and Expo, which has long been the premier international platform for stakeholders in the resources and energy sectors to engage with the Papua New Guinea government..”
Mr Marape said the rebranding to PNG Investment Week reflects a broadened focus, extending beyond the resources sector to encompass a wider range of industries crucial to PNG’s economic growth.
“The name has been changed to PNG Investment Week to show that it’s not just about the resources sector anymore. It will now cover a wide range of industries that are important for PNG’s economy, like finance, agriculture, fisheries, renewable energy, and infrastructure.”
PNG CORE anticipates that the expanded format of the traditional conference into five days of PNG-focused activities will significantly boost investment in the country.
The event will now highlight opportunities in sectors such as finance, agriculture, fisheries, renewables, and infrastructure, offering a platform for international and multilateral partners to advocate for Papua New Guinea as a key investment destination.
Prime Minister Marape thanked PNG CORE President Anthony Smare and his team for widening the focus of the event.
“This new approach will be instrumental in maintaining and promoting investment in our country.
The Government is fully committed to partnering in this initiative, reflecting our broader strategy to expand investment beyond the mining, petroleum, and energy sectors,” said Prime Minister Marape.
“This inclusive approach will help us better promote Papua New Guinea as a top investment destination,” he added.
“The Government will provide its full support to ensure the success of this significant initiative.”
Prime Minister Marape also emphasised the importance of the mining, petroleum, and energy sectors as the cornerstone of the nation’s economy, while expressing optimism about promoting investment in other critical sectors