Papua New Guinea (PNG) is often described as
the land of the unexpected. Although unpredicted events can happen
at any time (and they often do), PNG still offers many
opportunities to foreign investors.
Investor confidence in PNG looks set to increase in 2014. During
last year PNG demonstrated that not only does it have a stable and
growing economy, but its government was taking action to invest in
large scale national projects to upgrade substandard infrastructure
such as roads and power generation, which are critical for
investment confidence.
The Asia Development Bank recently reported that PNG's
economy is robust and business is upbeat.1 Major
projects such as the multibillion dollar PNG LNG are about to come
online, while new projects such as Highlands Region Road
Improvement Investment Program and the Civil Aviation Development
Investment Program should improve investment confidence because
such projects are intended to increase capacity development
