OUR VALUES

Ihu Special Economic Zone (ISEZ):

A Net Zero Carbon Footprint Project

"Anchoring our resources to create a prosperous future for all"

1. Our Vision

A world class industrial hub driving economic growth and development, conducive environment for business and achieving net zero carbon emissions.

2. Mission

To create a thriving industrial ecosystem that attracts investment, generates employment opportunities and promotes sustainable deveopment.

3. Strategic Goals

Promote Industrial Development: Attract and support a diverse range of industries, fostering a vibrant industrial ecosystem within the ISEZ. Focusing on industrial downstream processing and exporting.

Create Jobs and Economic Opportunities: Generate employment opportunities for local communities and contribute to the economic growth of Papua New Guinea, through industrial downstream processing and exporting activities.

Fostering Innovation and Technology: Encourage research, development, and innovation to enhance the competitiveness of industries operating within the ISEZ.

Ensure Sustainable Development: Environmental protection, social responsibility, and sustainable practices to achieving net zero carbon emissions.

Strengthen Regional Integration: Enhancing economic integration of Papua New Guinea, internationally leveraging the ISEZ as a hub for industrial downstream processing and exporting.

Provide a World-Class Business Environment: Establish a supportive and efficient environment for businesses, including infrastructure, services, and incentives, specifically tailored to support industrial downstream processing and exporting activities.

Leverage SEZA Incentives: Effectively utilize tax incentives and benefits offered by the Special Economic Zone Authority (SEZA) to attract investment and stimulate economic growth within the ISEZ, particularly for industrial downstream processing and exporting enterprises.

Invest in SME Growth: Support growth and development of Small and Medium sized Enterprises (SMEs) within the ISEZ to enhance local participation and economic diversification.

Ensure Equitable Resource Allocation: Ensure that land, natural resources, and the benefits derived from the ISEZ project are shared equitably among all stakeholders, including local communities, businesses, and the government.

4. Objectives

Develop a well-planned industrial zone: Establishing a modern and efficient industrial infrastructure, including transportation networks, utilities, and supporting facilities.

Attract foreign and domestic investment: Create a favorable investment climate to attract both local and international investors to the ISEZ Project.

Promote value-added industries: Encourage the development of industries that add value to local resources and reduce reliance on raw materials exports.

Enhance human capital development: Invest in training and skills development programs to equip the local workforce with the necessary skills for the industrial sector.

Ensure environmental sustainability: Implement measures to protect the environment and minimize the negative impacts of industrial activities.

Strengthen partnerships: Collaborate with government agencies, private sector companies, and international organizations to achieve the project's goals.

Promote social responsibility: Contribute to the well-being of local communities through social development programs and initiatives.

Provide a Seamless Business Experience: Offer a range of services and amenities to facilitate business operations and create a welcoming environment for investors, developers, operators, service providers, clients, and all partners.

Maximize SEZA Incentives: Effectively utilize tax incentives and benefits offered by the SEZA to attract investment and stimulate economic growth

Achieve Net Zero Carbon Emissions: Implement initiatives to reduce greenhouse gas emissions and offset remaining emissions through carbon removal strategies.

Support SME Growth: Develop programs and initiatives to foster the growth and development of SMEs within the ISEZ, enabling them to participate in various activities along the industrial downstream processing and exporting supply chain.

Ensure Equitable Resource Allocation: Develop policies and mechanisms to ensure that land, natural resources, and the benefits derived from the ISEZ project are shared equitably among all the stakeholders, including local communities, businesses, and the government.

PURPOSE - is to focus on export-driven industries to increase internal revenue through downstream processing, SME growth, and industrialization and overall increase the GDP of the country.

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