International Trade and Investment Ministry aims to deliver six (6) Special Economic Zones (SEZ) in 2025.
Minister Richard Maru on Friday stated that for the International Trade and Investment Ministry the key target is to deliver six Special Economic Zones in 2025.
Mr. Maru said this is a level of targeting that this country has never seen and SEZs are going to be the future of this country, and his ministry will make sure that all departments and all agencies involved must cooperate to deliver the six SEZs.
“At this stage apart from the Paga Hill SEZ which is the licensed SEZ, which is under construction right now, we are looking at the Sea Park down at waterfront next to APEC House, we are looking at a SEZ to recover the old wharf area in Port Moresby, we are looking at the Central Industrial Park, we are looking at the Sepik Plains SEZ, we are looking for the Finschhafen SEZ, we are looking at the Rai Coast SEZ, we are looking for the Madang Intergraded SEZ and we are looking at a chicken and grain SEZ in Western Highlands,” Mr. Maru said.
He added that they will focus their efforts on these SEZs plus a battery recharging plant in Port Moresby.
Mr. Maru said that his ministry is working between six to eight Special Economic Zones, but their target is six SEZs and they are hoping to get eight SEZs in 2025.
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