Captions: 1. Rimbunan Hijau's Vision City Waigani. 2. NASFUND's Harbour City. 3. Nambawan Super's commercial property in Downtown Port Moresby. 4. Steamships Trading Company's commercial property in Downtown Port Moresby. Pictures by AURI EVA.
Buildings are springing up everywhere in Port Moresby – and other cities in Papua New Guinea such as Lae - as demands for high quality accommodation, in anticipation of the country’s first liquefied natural gas (LNG) project, soar.
Many recently-completed high rise buildings have given the capital a new look, as if reaching out for the skies.
There is an ever-increasing need for accommodation and business space stimulated by a steady economic growth in the last four years.
The forecast boom is anticipated to involve major commercial and residential construction and is expected to continue for a number of years.
Building projects will comprise upmarket apartments and residential complexes, office and embassy refurbishments, as well as new schools and hotel renovations.
High security fence systems are also in big demand in Papua New Guinea.
In recognition of the growing building sector, The National newspaper will run a Building and Construction Supplement on Thursday, April 23, 2009, to showcase building, construction and hardware products from participating companies to key industry decision makers.
Don’t miss Thursday’s paper.