Papua New Guinea's Prime Minister, Sir Michael Somare, will host a visit by his Malaysian counterpart Mahathir Mohammed late next month.
Sir Michael, who will rush back from his APEC engagements in Bangkok to receive the Malaysian delegation, has been talking to representatives of neighbouring countries with a view to developing strategic economic partnerships.
He says as he approaches the end of his political career, he wants to use the remaining time to transform PNG from a country dependent on aid into a country whose economy reflects its abundant resources.
Sir Michael says Prime Minister Mahatir is credited with having succeeded in moving Malaysia out of the 1998 Asian financial crisis, which PNG could learn a lot from.
Sir Michael has so far had discussions with Thailand, Laos, Indonesia, China and the Philippines.
Other countries whose corporate citizens have approached the government with specific proposals include Japan and South Korea.
Sir Michael says with his government's intentions to refine PNG's relationship with Australia, it's important to open up and pursue opportunities to the north.