News Item

Solomon Islands attracting more interest

News 27 Mar 2017

Currently in a “growth stage”, the Solomon Islands is starting to attract an increasing amount of interest from New Zealand investors.

While mining, agriculture, forestry, and fishing are the Pacific nation’s major industries, other areas are beginning to create economic growth and opportunities.

Tourist numbers have risen steadily in the past decade and according to the ANZ Business website, the most recent statistics indicate there are over 20,000 arrivals to the Solomon Islands each year.

With numerous infrastructure projects being funded by international funders, combined with the increasing tourism market and investment in new hotel facilities planned, a broad range of opportunities and ventures are emerging in the country with a population of approximately 595,000 people.

Local business confidence is improving as infrastructure development and construction improves, particularly in the nation’s capital of Honiara.

On the back of a hugely successful visit to Vanuatu in October last year, the NZ Pacific Business Council is planning a Business Mission to the Solomon Islands, from June 12.

Chair of NZPBC and Northpower Sales Manager for NZ and the Pacific Devin Brown says the Council has received extremely positive feedback following the Vanuatu Business Mission, and it is looking forward to replicating the quality of that trip with the Solomon Islands Business Mission.

The three-day mission will promote bilateral trade between Solomon Islands and New Zealand businesses,” Devin says.

“The focus of the business mission will be to explore opportunities in the sectors of infrastructure, tourism and food and beverage; however, currently we are canvasing our members to provide guidance on the sectors they would like to investigate, so we can tailor the business mission programme,” he adds.

“It will provide value to Council members who attend.”

At this stage, the Council anticipates approximately 18 people will attend the business mission given the response to its Expression of Interest issued earlier in the year.

Non-members can attend the business mission - the $300 registration they are required to pay will also provide them with a NZPBC membership.

Click NZPBC for more information, and email Christine Connon - connon@chamber.co.nz - to register.

(Main picture caption: Traditional bilums from the Solomon Islands.)