Prime Minister Welcomes Passage of Special Economic Zones Bill 2024

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Honiara, Solomon Islands, 26 May 2025 – Prime Minister Hon. Jeremiah Manele has welcomed the passage of the Special Economic Zones (SEZ) Bill 2024, describing it as a major milestone in the Government’s efforts to drive investment, create jobs, and stimulate economic growth across the country.

The National Parliament today passed the SEZ Bill through the Committee of the Whole House without amendments. During the proceedings, the Minister for Commerce, Industries, Labour and Immigration, Hon. Jamie Lency Vokia, submitted a list of technical corrections under Standing Order 58(2) for the official parliamentary record. These minor changes will be incorporated into the final version of the Bill before it is presented to the Governor-General for formal assent. The Bill was subsequently passed at its third reading.

Prime Minister Manele, who took part in the debate during the Bill’s second reading, said the legislation lays a strong foundation for the future of the Solomon Islands’ economy. He emphasised that the Special Economic Zones initiative is a key component of the Government for National Unity and Transformation’s economic reform agenda, offering a clear legal framework to establish and manage designated zones that will attract investment and support business development.

The Prime Minister said the SEZ Bill creates the conditions necessary for growth by offering tailored incentives, simplifying regulatory processes, and encouraging production aimed at both local consumption and export. He noted that this approach will not only enhance infrastructure development and private sector activity but also help to improve livelihoods and bring more economic opportunities to rural and underdeveloped areas.

For ordinary Solomon Islanders, the passage of this Bill means more chances for employment, the potential for better infrastructure in designated zones, and increased support for local businesses. It also signals a broader commitment by the Government to modernise the economy and improve the standard of living for all citizens.

With the legislation now passed, the Government will work closely with communities, landowners, investors, and partners to implement the SEZ framework in a way that is inclusive, transparent, and beneficial to the country as a whole.

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