More than 80 new projects looking for investment have been recorded on Pacific Trade Invest (PTI) New Zealand’s Pacific Hub since January 2018. Hub Pacific Hub that are collectively worth NZ$375.72 millionThe Pacific Hub (www.pacifichub.co.nz) is a web resource for companies and investors seeking opportunities for trading with and investing in the Pacific Islands region. It’s essentially a tool for the PTI team in New Zealand to help international businesses and investors find trade and investment opportunities in the islands.
“As of September 2018, some 161 investment projects are listed on the Pacific Hub that are collectively worth NZ$375.72 million,” PTI NZ Chief Investment Officer Manuel Valdez told Pacific Periscope this week.
The projects cover wide ranging business activities including tourism, food and beverages, clothing and garments, agriculture, manufactured goods, fisheries, forestry, mining and mineral resources, organics, meat products, and creative industries, besides others.
The tourism sector at 57 per cent got the lion’s share of the investment projects list, Mr Valdez said. Agriculture followed at 11.2 per cent, with food and beverage projects at 7.4 per cent and mineral resources and mining amounting to 6.8 per cent taking third and fourth places. Other sectors collectively totalled some 18 per cent.
“In terms of value, however, mining and mineral resources and tourism sectors came on top,” Mr Valdez said. Individual investment projects in these sectors ranged from $20 million to $300 million.
The five major Pacific Island countries that have had their tourism related projects listed on to the Pacific Hub website are Fiji (50 tourism projects), Cook Islands (20), Vanuatu (14) and Tonga (12 tourism projects). Projects have also been listed from Samoa, Palau and the Solomon Islands.
“Pacific Hub has been online since 2016 and we are really happy with the results,” PTI NZ Trade & Investment Commissioner Michael Greenslade said. “The concept behind the Pacific Hub is to provide ‘tempters’ to Investors who then contact PTI NZ’s Auckland offices for further details on the listed projects.”
Mr Valdez manages the due diligence process as well as the introductions between parties for investment projects.
Pacific Hub also lists growing numbers of products for export from the Pacific Islands under the ‘Trade’ section, which is a separate tab on the website.
New entries for both investment projects and products for trade are continually being added to Pacific Hub. On arriving online at Pacific Hub, readers will be able to view product and investment categories and will automatically be put in touch with relevant PTI staff.
To list your investment projects on Pacific Hub email Manuel Valdez, Chief Investment Officer PTI NZ at [email protected].
To find buyers and importers for your products via Pacific Hub email Ian Furlong, Trade Development Manager PTI NZ at [email protected]
SOURCE: PACIFIC PERISCOPE