Papua New Guinea’s Prime Minister, James Marape, is set to travel to Switzerland for the World Economic Forum (WEF) annual meeting in Davos-Klosters, where he will present a range of projects aimed at attracting international investment. The focus will center on energy and resources as key opportunities for potential collaborators.
Last year, Prime Minister Marape engaged with executives from major companies such as ExxonMobil and Total Energies, discussing significant initiatives including the Papua LNG project, which focuses on gas production. He emphasized that the WEF serves as a critical platform for influencers in public policy and innovation.
In his remarks to Papua New Guinea media, Marape highlighted the importance of reforming the national investment framework to make it more appealing to foreign investors. Additionally, he reiterated the government’s commitment to establishing special economic zones aimed at fostering growth in local manufacturing and processing, with the goal of exporting finished goods throughout the region.
This forward-thinking approach reflects the government’s vision for creating a sustainable economic environment, potentially leading to increased foreign interest and investment in the country’s expansive natural resources.
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