Bethel Finance: Malaita plans to invite Israel investors

Bethel Finance news:
MALAITA Province plans to invite some investors from Israel this year while waiting to see the Economic Growth Centres establish.


This is to help create jobs for unemployed Malaitans while Israel Government through Malaita Chazon Authority, Malaita Province and National Government are working on creating economic growth centres at Suava Bay, Kadabina in the North, Liwe Industrial Park – South Malaita, and Faumamanu Industrial Park – East Malaita.

As part of the process, a delegation including Deputy Prime Minister Manasseh Maelanga, Minister for Finance Rick Hou, Israeli consular Lilian Firisua and Malaita Premier Edwin Suibae will leave for Israel next month to look at Industrial Parks and at the same time meet with business people as well.

Premier Suibaea said this was one of way of meeting investors and inviting them to Malaita province this year.

“We are looking at inviting investors to invest in bottling water,” he said.

“We plan to promote these products during the Festival of Pacific Arts in July.

“A woman of TAG is willing to fund this project but it’s still to be confirmed,” Mr Suibaea said.

Meanwhile, Suibaea said the three specialists from Israel who visited proposed sites for growth centres on Malaita Province last week have returned to their home country yesterday.

Dr Yoel Seigel (Development Specialist), Aaron Weingrod (Industrial Park Designer/planner & Architect) and Yeshahahu Stern (Agriculture Specialist) were dispatched by the Israeli Government through MASHAV [Agency for International Cooperation] and Tag ID [Jewish Agency.

The premier a said they collected the sketch of Suava Bay and sent it to their head office in Israel to make a design of the proposed area for loin factory and international airport.

He said for Kadabina, they have already completed a design for it and should be ready for implementation.

“Liwe also look possible because they have signed a Memorandum of Understanding with landowners,” he said.

“Only Foumananu, we are still to acquire the land.

“However, landowners are willing and Government must acquire the land,” Mr Suibaea said.

He said the focus is now on Foumananu to speed up the process of land acquisition.

Israeli Government through MASHAV [Agency for International Cooperation] and Tag ID [Jewish Agency] will assist Malaita establish these growth centres on Suava Bay, Kadabina in the North, Liwe Industrial Park – South Malaita, and Faumamanu Industrial Park – East Malaita.

They will support the current National Coalition for Rural Advancement (NCRA) Government execute its policy [Rural Economic Growth Centres] beginning with Malaita Province and then to the rest of the Solomon Islands.