Gummi Fridriksson

Gummi Fridriksson

Gummi Fridriksson - Committed to the Future of Papua New Guinea

About Gummi Fridriksson

As CEO of Paga Hill Development Company (PHDC), the firm leading the redevelopment of a key site adjacent to the central business district of Port Moresby, Gudmundur (Gummi) Fridriksson is professionally and personally invested in the future of Papua New Guinea. In his work both within and beyond PHDC, Gummi Fridriksson seeks to make Papua New Guinea’s capital city a vibrant, positive place for locals and visitors alike.

One of the clearest ways Gudmundur Fridriksson demonstrates this commitment is through his vision for Paga Hill Estate, the future name of the site being developed by PHDC. While many developments in Port Moresby take the form of gated community-style complexes, Paga Hill Estate is intended as a truly inclusive focal point for the city: approximately one quarter of its 20 hectares will be open public space, including waterfront promenades, retail shops, and restaurants. The comprehensive master plan for the site, developed by Gummi Fridriksson and PHDC in partnership with architectural firm Studio GA, has already received approval. He is now focusing his efforts on cultivating relationships with prospective partners for investment or joint ventures.

Gudmundur Fridriksson has also made contributions to Papua New Guinea’s public sector through his work with CCS Anvil, a development consulting firm he co-founded and managed from 2000 to 2006. Through this company, Gummi Fridriksson helped update and strengthen key operational and administrative procedures in the public sector, including at the National Parliament and the Public Curator’s Office. He also championed a new approach to electorate development planning that resulted in a significant increase in aid agency funding for a variety of infrastructure development initiatives.

Finally, Gummi Fridriksson personally supports a number of Papua New Guinea nonprofits dedicated to benefiting the local community. These include Heartbeat, which supports neonatal care in Port Moresby General Hospital; Police Legacy, which helps provide for the families of officers in the Royal Papua New Guinea Constabulary who died while in service; and Tubusereia Primary School.                            

Work History

Work History

Paga Hill Development Company (PNG) Ltd

Gudmundur (Gummi) Fridriksson is the CEO of Paga Hill Development Company (PHDC), a company working to develop the iconic and world-class Paga Hill Estate.

PHDC has been in operation since 1996 when Gudmundur co-founded the company to acquire Paga Hill, a 13.7-hectare site and the most prominent headland in Port Moresby. Gummi is focused on transforming this spectacular destination into a landmark opportunity for Papua New Guinea and its people to benefit from jobs, international investment, infrastructure, tourism, as well as a vibrant place for locals and visitors to live, work and leisure.