The APEC Haus will be used as a world class museum after the APEC Summit in 2018.
Prime Minister Peter O’Neill made the announcement today at the 2017 Leader’s Summit in Port Moresby.
He said the museum will help Papua New Guinea children know the history of the country and other neighboring countries.
The construction of the APEC Haus had begun on the reclaimed land at Ela Beach.
It is being undertaken by Oil Search Ltd through a tax credit scheme approved by the National Executive Council.
O’ Neill said the building will be the focus for global attention during APEC, and will be a national icon that will be used by generations to come.
The building will have two levels on an island that is being reclaimed just off the foreshore and is designed of the shape of a Lakatoi sail.
APEC Haus will host the main Leaders’ summit as well as the Leaders dialogue with the APEC Business Advisory Council.
The building is been built by Global Constructions at a cost of K120 million and scheduled to be completed between July and August next year.