Papua New Guinea will be held at the APEC Building in Port Moresby from August 31 to September 3, 2025. Earlier this week, Richard Maru, Minister of International Trade and Investment, announced that the Mayur Industrial s PNG Limited would become a gold sponsor of the summit. Mayur Industrials is a wholly owned subsidiary of ASX-listed Mayur Resources Limited.
Minister Maru welcomed the participation of Mayur Industrials and called it an important part of "key national investment activities.". He noted that the company's Central Cement and Lime Project (Central Cement and Lime Project), located in a special economic zone in a single factory area, was an example of a "transformative, nationally constructive initiative" supported under the Special Economic Zone framework in Papua New Guinea.
Earlier issues between Mayur Industrials and the Special Economic Zone Authority (SEZA) have been resolved and substantial progress has been made on the Central Cement and Lime Project. Maru confirmed that he, the SEZA team and Prime Minister James Marape had reached a consensus with the company to clear the way for the project to move forward. "The project is now aligned with SEZA's objectives and it is expected that negotiations with the State will be completed before the National Executive Board formally recognizes it as a National Strategic Priority project," he explained.
Maru stressed the importance of the project in reducing Papua New Guinea's dependence on imported cement. "The project is expected to create more than 1,000 jobs during construction," he said. The Malapé-Rosso government strongly supports the project, as we aim to completely replace cement imports and reduce costs across the country. Currently, the country relies on imports from other countries for most of its cement. Maru hopes that this will change once the Central Cement and Lime project is operational. "Papua New Guinea is rich in limestone and there is no reason why we cannot meet our own needs and even become a net exporter of cement," he added.
Maru also made a direct appeal to local investors to join Mayur Industrials and its landowner partners in related industries such as precast concrete and building materials manufacturing. "These are areas of high demand, and we want to find partners who really believe in driving Papua New Guinea's industrialization." He said.
The SEZ Summit is expected to provide a springboard for such partnerships, showcasing investment opportunities in emerging industrial parks. Malu also praised Mayur Industrials for its commitment to localizing its business. The company recently completed setting up its main office in Port Moresby, which will house approximately 50 employees as the project expands.
"This is exactly what we envision for the special economic zone-investment, employment and integration into our economy." Maru noted that "partners like Mayur Industrials give us confidence that the special economic zones will drive the economic transformation of Papua New Guinea through sustainable and export-oriented industries."
In addition, Mayur Industrials' confidence in the domestic market has been reflected in its move to file a dual listing application with the Papua New Guinea Stock Exchange (PNGX), which Malu welcomed. "Their application shows the growing investor confidence in the future of Papua New Guinea's economy," he said. We will support them to complete the listing before the end of the year.
The Special Economic Zone Summit is expected to bring together domestic and international stakeholders to promote inclusive and industrialized growth in Papua New Guinea.
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