The Ihu Special Economic Zone (SEZ) in the Gulf province is on its way to become a fully registered SEZ project after development partners hopped on the band wagon to support this major project reach its fruition.
The Ihu Special Economic Zone team signed 4 contracts with partners to start the development of project area in the Gulf province.
The partners include China Railway Construction Company to build and upgrade the roads to the SEZ, Dataco PNG for communication links along with WR Carpenters.
“The Ihu SEZ is not registered yet, but from the pace that they are going they are telling the rest of us that they want to make this happen, ” said the Minister for International Trade and Investments, Richard Maru.
Maru said that Ihu SEZ has set an example now for the rest of the other SEZs to follow. On that note, he urgent the ones like Simbu- Karamui SEZ to start working towards getting it off the ground by partnering with developing partners.
The Ihu Special Economic Zone project was proposed back in 2017 and would have gotten off ground two years later had it not been for COVID- 19. The pandemic put a halt to the planned commencement. But now with the pandemic subsiding, the project team has moved and contracts signed, is a testimony to that.