Prime Minister James Marape has described the World Economic Forum (WEF) in Davos, Switzerland as an eye-opening experience and a significant opportunity to engage with global leaders in science, technology, business and economic development. Reflecting on the forum, Mr. Marape said that the WEF was not just about nation-to-nation discussion but also about connecting with global companies, technology innovations and key investors. Mr. Marape said it provided a rare chance to meet the leaders of some of the world’s most influential organizations in one place. “ExxonMobil, TotalEnergies, Newcrest Mining and Newmont Corporation to name a few and discuss the future of Papua New Guinea as an investment destination,” Mr. Marape said. During the forum Mr. Marape met with top executives, including the presidents and CEOs of ExxonMobil, TotalEnergies and Newmont as well as other influential players in the oil, gas and mining sectors. These discussions reaffirmed their commitment to long-term investments in PNG, including key projects such as Papua LNG, P’nyang LNG and Wafi-Golpu. “ExxonMobil and TotalEnergies shared plans to ramp up their investments in PNG, with Total committing USD 200-300 million to exploration activities this year in Central Province. These companies have expressed strong confidence in PNG’s economic potential, underscoring their belief in the stability and growth of our nation,” Mr. Marape said. He highlighted that these investments represent over USD20 billion in economic development slated to take place in PNG over the next five years. “This is a testament to the confidence global investors have in our economy and our resources, positioning PNG as a key player in the global energy and resource market,” Mr. Marape added.