East New Britain Province in Papua New Guinea is poised for a significant economic transformation, spearheaded by the development of two Special Economic Zones (SEZs). First and foremost, the Rabaul Free Port and Tokua Airport City will revolutionize the region’s economic landscape and position it as a major player in both international trade and tourism. Moreover, these ambitious projects will attract substantial foreign investment, create numerous job opportunities,and ultimately stimulate overall economic growth in the province.
The Rabaul Free Port will be a hub for international trade. It is strategically located near the wharf and future cruise terminal. The government offers tax holidays and duty-free access. This attracts foreign investment and stimulates the economy. This initiative will create jobs and boost the province’s GDP.
Similarly, Tokua Airport City will be transformed. The airport will become an international hub, complete with modern facilities and direct flights. Additionally, the development will feature hotels, golf courses, and shopping malls. This caters to the growing demand for tourism. East New Britain Province has immense potential to attract tourists, boasting natural beauty, rich culture, and historical significance.
Read more articles:
Minister Richard Maru is optimistic about the potential of these Special Economic Zones. In fact, he sees them as a major step forward for the province of Papua New Guinea. “These two proposed SEZs have the potential to create thousands of new jobs in the manufacturing, downstream processing, and tourism sectors,” he stated. “Moreover, this is a major step towards unlocking the economic potential of East New Britain Province and improving the lives of its people.”
Source: Post Courier
The government is collaborating to ensure smooth development. East New Britain Province is set to become a model for economic growth.
Source: Post Courier