Papua New Guinea Construction Articles & Analysis

Chapter | Construction & Real Estate from The Report: Papua New Guinea 2018

While resources-related projects will always be the engine of the sector, the rising number of residential, hotel, retail, transportation and office developments are becoming increasingly important, as the country’s hosting of APEC in 2018 and the expanding middle class continue to shift Papua New Guinea’s construction priorities. Although a downturn in the commodity cycle, the end of...

Although Papua New Guinea’s macroeconomic slowdown, challenging business climate and falling global commodity prices have weighed on trade and investment in recent years, the country continues to offer high-potential opportunities to investors.

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How do you see the newly formed Infrastructure Asia dovetailing with transnational initiatives like the Belt and Road?

 

How would you characterise the outlook for Papua New Guinea’s construction sector in 2018?

 

In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural...

 

In the absence of a well-developed local manufacturing base for building materials, Papua New Guinea’s construction sector has largely depended on imported materials over the years, which has translated into high costs and slow development. However, recent government policy changes geared towards reducing imports of capital goods and...

 

While resources-related projects will always be the engine of the sector, the rising number of residential, hotel, retail, transportation and office developments are becoming increasingly important, as the country’s hosting of APEC events in 2018 and the expanding middle class continue to shift Papua New Guinea’s construction priorities. The...

 

How attractive is Papua New Guinea’s construction sector to both local and international companies?