The Paga Hill Estate site is underway, with aims to attract cruise traffic and change how people experience Port Moresby. Gudmundur Fridriksson, Chairman, Paga Hill Development Company, tells us how he plans to make waves in PNG’s tourism sector.
In brief: Vote on revised InterOil takeover bid in February, and other business stories
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InterOil shareholders to vote on revised takeover bid by ExxonMobil in February, government debt rises in September quarter, Oil Search and Kumul Energy to evaluate proposed power projects. Your weekly digest of the latest business news.
Hotel investments transforming Port Moresby into regional conference venue
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By the time of the APEC Summit in 2018, Port Moresby could have as many as 2590 high-end hotel rooms, and conference capacity for many thousands. Hoteliers tell Business Advantage PNG that the increase in scale and quality means the capital could become a world-class regional conference venue.
Paga Hill development to transform Papua New Guinea’s capital
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Work began this month to develop the Paga Hill Estate, at the iconic headland of Papua New Guinea’s capital city, Port Moresby. The development’s architect Paul Gallagher tells Business Advantage PNG the project will transform Port Moresby’s infrastructure and public accessibility.
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