PRIME MINISTER LAUNCHES 2024 PAPUA NEW GUINEA INVESTMENT WEEK

By: PNG Business News August 12, 2024

(Left to Right) Leon Buskens (PNG CORE Councilor), Richard Kassman (PNG CORE Senior Vice President), Prime Minister James Marape, Anthony Smaré (PNG CORE President), Stanley Komunt (PNG CORE Councilor) and Kepas Wali (PNG CORE Councilor) at the launch of 2024 PNG Investment Week.

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) is pleased to announce the 2024 Papua New Guinea (PNG) Investment Week.

The event, which will take place from December 6th to 11th, 2024, at the International Convention Centre in Sydney, was officially launched by Prime James Marape.

In his remarks, the Prime Minister acknowledged the partnership between Government and PNG in continuing to promote PNG as an investment destination of choice.

“The annual PNG Resources & Energy Investment Conference and Expo has been the country’s premier international event, which has enabled our international stakeholders, particularly those within resources & energy, to engage with the State to discuss opportunities in PNG, as well as to progress development of projects within this critical economic sector. Last year’s event was a tremendous success with heads of major mining and energy companies present and promoting investment in PNG.

It is indeed the only event where all who matter are in one place at the one time.

It is timely that the event is broadened into a week of promotion of international investment in PNG, and we are very happy that it has now become PNG Investment Week, and will feature not just the promotion of investment in our core energy and resources sector, but also other sectors such as financial services, agriculture, fisheries, manufacturing, infrastructure and renewables but also the very good work that PNG’s bilateral and multilateral partners are doing in PNG. My government stands ready to work with PNG CORE to make this event a resounding success yet again.”

PNG CORE President Anthony Smare reaffirmed the commitment by industry to promote opportunities on offer, in partnership with government, and key stakeholders.

“This change of name and format of the traditional conference into 5 days of PNG focused activities in Sydney, will boost investment into PNG by expanding attention beyond PNG’s resources sector into other areas such as PNG’s financial sector, agriculture, fisheries, renewables and infrastructure and providing opportunities for our international and multilateral partners to also advocate for PNG as an investment destination. We anticipate more than 2000 business delegates to attend the PNG Investment Week, with well over a thousand from international jurisdictions. We believe that by working closely with the National Government, and our major private sector and multilateral partners, we can deliver an investment event that will be both larger and more successful than anything we have delivered in the past offshore in terms of translating to improving investor sentiment in PNG and driving more direct investment into PNG’s various sectors. We are also pleased to acknowledge as well, the early and proactive commitment by the Autonomous Bougainville Government to use the event to promote direct international investment into Bougainville.”

This event will unite all investment and business stakeholders in PNG and abroad through a series of activities:

  • PNG Golf Challenge
  • PNG International Suppliers Forum
  • Meet the PNG Regulators
  • Large Investor briefings with PNG PM
  • President’s CEOs Dinner
  • PNG Investment Conference
  • PNG Investment Gala Dinner
  • PNG Investment Expo

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