Prime Minister Manasseh Sogavare has said the country needs a meaningful reform of its investment policy that would attract quality investors to Solomon Islands.
He told local journalists over the weekend at a Budget Reporting workshop, this can be possible through a radical special economic zone strategy.
“A meaningful reform of the country’s investment policy, emphasizing the attraction of quality investors to rural Solomon Islands through the implementation of a radical special economic zone strategy. Under this strategy we will strategically approach the development of Bina Harbor, Suafa Bay, Auluta Basin, Waisisi and the East Guadalcanal Palm Oil development, which will see the extension of the existing palm oil plantation to another 60,000 hectares. Investment in important basic infrastructures will be pursued with vigor to facilitate these development projects.”
The Prime Minister said his government is determined to revive the Russell Islands Plantation Estate Limited at Yandina as part of this strategy.