By ESWIN PLESIO
SOLOMON Islands Prime Minister Mathew Wale has invited Papua New Guinea’s mining companies to explore investment opportunities in his country following the signing of a new development and economic cooperation agreement between the two Melanesian nations.
Speaking during a joint press conference in Port Moresby last week Friday, Prime Minister Wale said the newly signed Framework Agreement on Development and Economic Cooperation (2026–2030) would strengthen economic ties and create new opportunities for businesses from both countries.
“We welcome Papua New Guinea’s mining companies to come to Solomon Islands and carry out inspections of our mineral prospects. We believe there is significant potential for investment, and we invite them to see these opportunities for themselves,” Wale said.
He said the agreement demonstrates the commitment of both governments to deepen cooperation in key sectors, including trade, investment, mining and economic development.
“Our two countries share close historical and cultural ties, and this framework provides a clear pathway for us to expand our partnership in ways that will benefit both our people,” he said.
The framework agreement was signed following bilateral talks between Prime Minister James Marape and Prime Minister Wale at Melanesian Haus in Port Moresby.
The meeting covered several areas of mutual interest, including trade, investment, mining and security, with both leaders reaffirming their commitment to strengthening cooperation over the next five years.
Prime Minister Wale said Solomon Islands looks forward to working closely with Papua New Guinea to promote sustainable economic growth and encourage greater private sector participation across the region.
“This agreement is not just about governments working together; it is also about creating opportunities for our businesses and our people. We look forward to welcoming Papua New Guinea investors to Solomon Islands,” he said.