The green lights for the two massive liquefied natural gas (LNG) projects in Papua New Guinea (InterOil pictured above) has opened the floodgates for a massive building and construction boom to take place all over the country.
The US$15 billion (K42b) PNG LNG project last Dec 8 got the okay from project developers Esso Highlands Ltd, a subsidiary of ExxonMobil Corp and partners Oil Search Ltd, Santos Ltd, Nippon, Mineral Resources Development Company (MRDC), and Eda Oil.
Just before Christmas, the Project (Gas) Agreement for the US$6b (K17b) Elk/Antelope LNG project from
Prominent building commentator George Tipping, a past president of the PNG Institute of Builders, must have had a crystal ball in hand when he boldly predicted last year that the approval of the LNG projects would be the impetus for a massive building and construction boom never before seen in this country.
“What does the future hold for the building and property industry in PNG?” he said then.
“The following prediction excludes the impact of both Exxon Mobil and Interoil LNG plants and is based on supply and demand and other influences that are occurring now as well as known planned projects.
“Despite the internal impediments of higher interest rates, inflation, hesitation by some PNG investors due to the global economic conditions (GEC), slow National Capital District Commission and utility service providers’ approvals, it is my prediction that the current building and property boom will continue at a high level of activity, particularly for large projects.
“How long will this boom last? That is the hard question to answer.
“My crystal ball suggests we have another three to four years before the boom slows to more-manageable levels.
“However, if the Exxon Mobil LNG project is confirmed, then we will have a scenario of a much larger building and property boom making the current boom seem small by comparison.”
Dear Sir,
ReplyDeleteRE: BUSINESS COLLABORATION
WENSHAN CORPORATION SDN.BHD.is a company organized under the laws of Malaysia with principal business activities are import-export, general trading, Representative of foreign principals, Human resource management & foreign workers recruitment consultant having its well established business network partnership in major Asian labour source countries namely Bangladesh, India, Nepal, Sri Lanka, Vietnam, Philippines. With its established network with affiliated companies in labour source countries the company has excellent track records over the last 15 years in the recruitment & supply of manpower.
Due to increasing demand of foreign workers in PNG, the company is planning to set up representative office in PNG and tie up with local strategic partner to explore business opportunities.
We have been looking for strategic business Partner from PNG to collaborate with them to explore business opportunities in the following area of business:-
Recruitment & supply of foreign workers from Bangladesh and other Asian labour source Countries through our affiliated agencies for employment under various companies in PNG
Export of Malaysia made Office & Home furniture, Kitchen cabinets, Wooden & PVC doors, surgical Gloves, Automotive rubber parts
Any interested parties or Individuals may contact with us for further discussion.
Please view website news regarding news of manpower recruitment.:-
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Thanking you
Mohammad Khairul Anam
Managing Director
WENSHAN CORPORATION SDN.BHD..
No.9, 2nd Floor, Jalan SS4C/5 Taman Rasa Sayang
47301 Petaling Jaya ( Near Kuala Lumpur)
Selangor, West Malaysia.
Tel : +603-780 44 628 Fax : + 603-78036599
E-mail : wenshan15@gmail.com
Mobile : +6017 258 2008
Dhaka Office :
RUBICON CORPORATION (BD) PVT. LTD.
RAHMANIA CORPORATION
H-52-55 Airport Road. Mohakhali Gulshan
Dhaka-1212 Bangladesh.
Tel : + 8802-666 2626 449 Fax : +8802-9881370
E-mail : rubiconcorporation1@gmail.com