Minister Maru Thanks R&F Group Chairman for Visting PNG to Explore Investment Opportunities
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Port Moresby, July 28, 2026- The Minister for International Trade and Investment, Hon. Richard Maru welcomed and thanked the Chairman of one of China’s most influential companies and biggest owner and developer in the hospitality and tourism sector for visiting Papua New Guinea (PNG) to explore investment opportunities.
Mr. Li Zhang, the Chairman and President of the R&F Group arrived this morning in Port Moresby on his private jet following the visit by his advance team two weeks ago.
“I thank the Chairman for sending his advance team two weeks ago to come and assess the investment opportunities in the country and I am convinced that in this trip he will make up his mind to consider PNG as a serious foreign direct investment destination for his company,” said Minister Maru.
The R&F Group owned over 80 luxury hotels managed by renowned international hospitality groups including the Ritz Carlton, Park Hyatt and Grand Hyatt. Its investment portfolio comprised hotels, shopping malls, and office buildings. To date, the Group had expanded into over 145 cities and regions worldwide, delivering more than 450 projects.
“We have had many fly-by-night and middlemen come to us in the past four years with their promises and commitments availing to nothing. We are very confident that the R&F Group is one of China’s most serious investors and we look forward to hosting the Chairman and his delegation and securing their firm decision to invest in a very big way in our country, especially in the Paga Hill Estate, Portside Gardens Development, and the Duran Farm Housing Project,” said Minister Maru.
“As a government, we will go out of our way to do everything to support the R&F Group to invest in PNG,” he added.
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