With a view to providing information on investment and employment trends, the Investment Promotion Authority continues to maintain their database on the levels of foreign direct investment into the Papua New Guinean economy.
The information on the level of Foreign Direct Investment is extracted and collated from the certification process administered by the IPA.
The records from the IPA, gathered through a number of certification approvals from the first 2 quarters of this year, show that the National Capital District has the highest number of approvals and employment creation in the country; with Morobe province being the second highest, followed by East New Britain Province.
The records also show that Hong Kong provides the most investment into Papua New Guinea, as compared to other countries even with China having the most approvals and the Wholesale & Retail sector has the highest number of approvals yet the Catering & Hospitality sector account for the most foreign direct investment.
IPA’s extensive foreign direct investment trends can guide policy making to spread FDI and job creation around the country so that it isn’t focused only in NCD resulting in urban drift.