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Papua New Guinea's PM meets potential Chinese investor
2015-01-23
Brief:A Chinese state-owned enterprise is interested in investing in Solomon Islands.
Prime Minister Manasseh Sogavare Prime Minister Manasseh Sogavare on Wednesday met the general manager of a Papua New Guinea-based Chinese company interested in investing in Solomon Islands.

Mr Ma Jianhua, General Manager of China Habour Company (PNG) Limited, enlightened the Prime Minister about his company which he said is a state-owned enterprise specialised in survey and design, marine engineering and construction of roads, bridges and wharfs.

Mr Jianhua told the Prime Minister his company also provides support to its clients to get financial solutions for their infrastructure development needs.

“I first visited the Solomon Islands two years knew the country has a good investment market for my company.

“We pledge to provide quality service and the best returns for our clients,” he added.

The Prime Minister acknowledged the interest of China Habour Engineering Company.

“We are open to any genuine investor that wants to help us drive our private sector and I am pleased to know that your company is a reputable company doing business in 80 countries including Papua New Guinea,” Mr Sogavare said.

He added that, “Solomon Islands is in dire need to come out from where we are now in terms of development and we have ourselves to blame for restricting ourselves from other potential investors”.

The Prime Minister said there is investment potential in Solomon Islands for the company and he is encouraged to hear that the company can also help its clients access financial solutions for their infrastructure development needs.

 “My challenge right now is ensuring developments in Malaita Province but I’m hearing people saying that investors are afraid of going to Malaita.”

solomonstarnews.com

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