6 Jul 2006

PNG woos European investors

10:30 am on 6 July 2006

Papua New Guinea's Governor-General has invited and encouraged investors from developed European countries, such as Belgium, to invest in key economic sectors in PNG.

Sir Paulias Matane says the key sectors include petroleum and mining, infrastructure development, hydro power generation and small-scale manufacturing.

The Post Courier reports that Sir Paulias has emphasised the importance of formalising an Investment Promotion and Protection Agreement, that would facilitate the flow of investment between Belgium and PNG.