We’re the biggest company in Papua New Guinea you’ve never heard of, according to John Uthmann, CEO of PICSA Group PNG, and we are aiming to grow bigger.
Building and construction
The construction of 100 affordable houses in Port Moresby will be the launchpad for similar projects elsewhere in Papua New Guinea, predicts Joe Webb, the Managing Director of Australian joint venture partner Amode.
With the Papua New Guinea Government highlighting the need for more affordable housing in the country, not-for-profit organisation, Community Housing, believes it has the solution.
Commercial real estate activity in Port Moresby and Lae remains strong despite a fall in demand for executive rentals associated with the winding down of the six-year construction phase of the ExxonMobil-led LNG PNG project.