New Caledonia seeks investment presence her

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By Mike Puia

NEW Caledonia, another Melanesian island nation in the pacific, has shown interest to expand its investment presence in the country.

This is according to Prime Minister Rick Houenipwela following his meeting with the President of New Caledonia, Mr Gael Yanno.

Mr Houenipwela and President Yanno meet during the Pacific Islands Forum (PIF) meeting that recently concluded in Nauru.

He said during their meeting they discussed investment and New Caledonia indicated its eagerness to make cooperation with this country like it did in Papua New Guinea and Vanuatu.

President Yanno conveyed to Prime Minister Hou that their investors are keen to invest in this country.

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Prime Minister Hou said the indication from President Yanno is good as another Melanesian country wants to do business here.

PNG is the only Melanesian country that has a strong investment presence here.

New Caledonia is probably new. Its notable investment is the newly setup BRED Bank.

New Caledonia, known for its flourish tourism sector, is interested to invest in the tourism and fisheries sector.

In the area of fisheries, New Caledonia has its own company that do purse seine fishing and it processes its own tuna an area Prime Minister Hou says this country can learn from.

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