Bougainville proposes Special Economic Zone

The Autonomous Region of Bougainville is seeking to establish a Special Economic Zone (SEZ) to foster economic growth. Peter Tsiamalili, the Regional Member for Bougainville and Minister for Works and Highways, recently met with Richard Maru, the Minister for International Trade and Investment, to formally propose this initiative.

Tsiamalili put forward the idea of creating an SEZ within Bougainville, which would be named the 'Soraken Integrated Special Economic Zone'. This proposal signifies a strategic move by Bougainville's leadership to attract investment and stimulate economic activity within the region.

While the article does not detail the specific benefits or operational plans for the proposed SEZ, the meeting between the two ministers indicates a potential step towards its development. Further details regarding the establishment and objectives of the 'Soraken Integrated Special Economic Zone' are expected to follow.