SEZA BOARD HAS DUTY TO PROTECT PNG FROM RISKY INVESTORS

Picture Caption: SEZA Board Chairman Dr. Lawrence Sause

BY RAYLEEN WANJIMAN

SPECIAL Economic Zone Authority (SEZA) Board has a fiduciary responsibility to protect and make sure Papua New Guinea is safe from investors who are not qualified or could cause problems.

SEZA Board Chairman Dr. Lawrence Sause said the Authority is constantly aware of the risks involved in granting licences to developers who may lack the capacity to deliver promised investments.

He said SEZ licences are only granted to investors who can demonstrate strong financial footing, including bank guarantees and access to capital to support large-scale development, this ensures foreign direct investment entering the country is genuine, sustainable and capable of delivering real economic returns.

He added that the Board remains cautious to safeguard workers, landowners and the government from financial and development risks.