There were 71 results found for Papua New Guinea and Construction

There were 71 results found.

Overview

China’s implementation of a new trade network is energising the global construction industry
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From 206 BCE to 220 CE China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system, fostering not only economic, but also cultural links between…

Overview

Public works projects accelerate construction sector in Papua New Guinea
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Papua New Guinea’s hosting of the 2018 APEC Leaders’ Summit proved to be something of a catalyst for the construction sector. Although the authorities had to mitigate the shortage of high-end hotels in the capital city by hiring cruise liners to accommodate international delegates attending the event, a host of construction projects were launched to meet the other infrastructure needs of the summit,…

Overview

Papua New Guinea's hospitality sector expanding to support growing tourism numbers
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Aided by easier and cheaper travel, global tourism has experienced two decades of almost uninterrupted growth. According to the World Bank, the number of international departures more than doubled between 1997 and 2017, from 687m to 1.57bn per annum. With the global middle class estimated by the US-based think tank Brookings Institution to be expanding by as many as 160m people per year until 2021,…

Interview

Ken Richardson, General Manager, Strickland Real Estate: Interview
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Interview:Ken Richardson What impact do fluctuations in global commodity prices have on the Port Moresby real estate market? KEN RICHARDSON: Papua New Guinea is fundamentally a commodity-driven market. Most of that activity is not centred in Port Moresby, although developments in agriculture and other commodity sectors will increase consumer confidence and investment in the capital. Buyers…

Chapter

The Report: Papua New Guinea 2019: Construction & Real Estate
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Country Report

The Report: Papua New Guinea 2019
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Papua New Guinea has seen a mixed performance over the last 12 months, with the extractive industries recovering from the impact of the 2018 earthquake, while political uncertainty contributed to fluctuating investor confidence. It remains to be seen to what extent Prime Minister James Marape and his recently reshuffled government will enact far-reaching reforms to laws and regulations governing t

Overview

City planners strive to create efficient spaces as urban populations swell around the world
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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 dwellers. The UN estimates that by 2030 urban areas will…

Overview

Planners strive to create efficient spaces amid rapid urban population growth worldwide
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Overview

Land reform to expand access to the PNG real estate market
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Although a downturn in the commodity cycle, the end of construction on the Papua New Guinea liquefied natural gas (LNG) project and long-standing ambiguities over land rights have constrained development in the real estate sector, changes are afoot that could lead to significant improvements. About half a dozen major housing projects are now under way, and homes at reasonable prices are fast…

Interview

Graham Boddington, General Manager, Northbuild Construction: Interview
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Interview:Graham Boddington, General Manager, Northbuild Construction How attractive is Papua New Guinea’s construction sector to both local and international companies? GRAHAM BODDINGTON: In general, the business environment for construction-related projects cannot be described as attractive at this time. Over the last 12-18 months companies have had difficulty finding international joint-venture…

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There were 71 results found for Papua New Guinea and Construction

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