Big opportunities in PNG in 2017

Video | January 2017 | 00:01:04

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Big opportunities in PNG in 2017

Well firstly, I’m really excited by the fact that we’re opening an office in PNG. I think it’s a country of great opportunity across a number of sectors which fits perfectly with our sector focus, that is mining, oil and gas and infrastructure, as well as financial institutions. With a large-scale projects that have been undertaken and are slated for completion in PNG, there is a real need for large-scale financing and that financing can come from many sources. Domestically, the commercial bank market is quite strong with BSP, Westpac and ANZ present and there’s many international financiers who have been active in PNG as well. Not only commercial banks, but also export credit agencies and institutions like ADB and IFC. With our network across the globe, we are very well placed to assist clients on the financing of these large-scale projects. The other part of the financial institutions and financial services sectors which is very relevant to PNG is insurance. We have a market-leading insurance practice and can assist clients with respect to their insurance and reinsurance activities in PNG. I very much look forward to working with many clients both here in Australia and in PNG as well as globally on their financing needs and financial services sector requirements in PNG.