The economy is poised for more positive growth with K1.2 billion foreign direct investments (FDIs) into Special Economic Zones (SEZs), according to Prime Minister (PNG) James Marape. "I am pleased to announce that SEZs have already attracted K1.2 billion in FDIs through the K700 million Radisson Blu branded hotel on Paga Hill SEZ, and the K540 million Central Lime Project (CLP) Single-Factory SEZ at Kido in Central Province." The prime minister attributed this to diligent efforts by International Trade and Investment Minister Richard Maru and the Special Economic Zone Authority (SEZA) in securing these investments SEZA, a flagship initiative by the Marape Government, is designed to boost FDIs and enhance national investment in sectors critical for economic transformation, such as downstream processing and import replacement. This includes the Paga Hill SEZ and Central Lime Project. In a statement, Mr. Marape said, "Last December, I extended a warm welcome to the renowned international hotelier, Radisson Hotel Group, as they announced their partnership with Paga Hill SEZ to develop a K700 million Radisson Blu branded hotel on Paga Hill in Port Moresby." “Earlier this month, Mayur Resources Ltd announced to the Australian Stock Exchange (ASX) that it has secured funding of US$155 million (K540 million) to complete the Central Lime Project." “These projects signify promising developments for Papua New Guinea, particularly in anticipation of major upcoming resource projects. “The Paga Hill Project will significantly contribute to employment and will greatly enhance tourism in Port Moresby and across PNG. "I am happy to hear that Mayur Resources has secured the K540 million funding to complete the Central Lime Project, and that the project has the potential to create hundreds of new jobs, support service businesses, and enhance local infrastructure including electricity, roads, education, and health facilities for landowners," said the PM. “It promises to be a transformative development for Central Province landowners and the broader manufacturing sector." PM Marape extended a warm welcome to Radisson and Mayur, affirming that they are in the right place at the right time in a country that will see unprecedented growth starting in 2024 and for the next 10 years. "The economic potential of Papua New Guinea is possibly bigger than most nations in this region." "Over the next 10 years, Papua New Guinea will be super exciting." The prime minister also took the opportunity to welcome SEZA's new Board Advisor, renowned business leader Mr. lan Tarutia, whose expertise will be pivotal as SEZA transitions to full operational status this year.