PNG Tipped as the “Next Dubai of the Pacific” as Fiji Eyes Stronger Trade Links

Fiji’s Deputy Prime Minister Manoa Kamikamica says Papua New Guinea could become the “next Dubai of the Pacific,” highlighting major opportunities for trade, investment, and regional growth.

 

PNG is the next DUBAI of the Pacific, says Fiji's Deputy Prime Minister.

Source: FijiSun

Mr Kamikamica said regular Fiji Airways services to PNG could make it easier for businesses and investors to move between the two countries and expand commercial ties.

He made the comments during the relaunch of the Fiji-PNG Business Council, which aims to strengthen trade and investment links between the two countries.
Fiji is pushing for stronger air connectivity with Papua New Guinea to unlock trade and investment opportunities in an economy Deputy Prime Minister Manoa Kamikamica has described as the “next Dubai for the Pacific”.

Mr Kamikamica said regular Fiji Airways services to PNG could make it easier for businesses and investors to move between the two countries and expand commercial ties.

He made the comments during the relaunch of the Fiji-PNG Business Council, which aims to strengthen trade and investment links between the two countriesThere are some very significant opportunities that are in front of both countries, and it’s just a matter of when, in terms of how we can scale up the economic relationship,” he said.

Mr Kamikamica said Fiji could not afford to overlook PNG’s growing economy and described the country as the “next Dubai for the Pacific”.

Better air connectivity, he said, could help businesses trade more, attract investment and access new markets.

Mr Kamikamica also raised the possibility of dual listings between the Fiji and PNG stock exchanges, potentially creating more opportunities for businesses and investors.

PNG companies including BSP, Credit Corporation and TISA Insurance already operate in Fiji, while the Fiji National Provident Fund is a major shareholder in BSP’s listed company in PNG.

Investment Fiji Board chairperson Filimoni Waqabaca said Fiji needed to make better use of the opportunities available in PNG.

“If we can tap these opportunities that exist in a country of such size, not only will PNG benefit, but we will also reap the positive results that will come out of this business relationship,” he said.

Mr Waqabaca said supporting local businesses remained important because stronger domestic companies would also help attract foreign investors.

The relaunched Fiji-PNG Business Council is expected to provide businesses from both countries.