• About

    Gudmundur Fridriksson is the CEO of Paga Hill Development Company (PHDC).

    Gudmundur Fridriksson co-founded Paga Hill Development Company with a vision: to develop a world-class, master planned estate on 20 hectares of land abutting the Central Business District of Port Moresby, Papua New Guinea. Gudmundur Fridriksson has realised this dream with Paga Hill Estate, which recently received the green light from local government and is set to begin construction this year.


    Gudmundur Fridriksson is a highly knowledgeable and experienced business leader, with over thirty years’ experience in managing a diverse range of projects in PNG, Europe, China, Hong Kong and Australia. With his unique balance of strategic insight, operational expertise and people skills— and supported by his MBA education— Gudmundur Fridriksson engages with key stakeholders, investors and leads a dedicated team of professionals who are passionate about Papua New Guinea and the Paga Hill Estate development.


    Gudmundur Fridriksson has held high-level management positions over a six-year period for Indigenous empowerment organisations in Australia, including time as the CEO of the Cape York Institute, Deputy CEO for Cape York Partnership, and Business Development Manager and Mossman Gorge Visitor Centre Project Manager for Balkanu Cape York Development Corporation. During this period, Gudmundur Fridriksson also held the position of Director of Cape York Welfare Reform— where he worked closely with Queensland State and Australian Federal governments to implement and oversee the trial of an innovative and comprehensive social development program.


    Gudmundur Fridriksson also co-founded and managed CCS Anvil from 2000 to 2006, which provided project management and development consulting services to public-sector clients in Papua New Guinea.

  • Areas of Expertise

    Gudmundur Fridriksson is a highly experienced, MBA educated business leader— with over 30 years of experience in managing major projects in Europe, China, Hong Kong, Papua New Guinea and Australia. He is passionate about all things Papua New Guinea, in particular: tourism growth, economic development and the preservation of culture and history.

    Change Management

    Strategic Planning

    Contract Negotiation & Management

    Systems &Process Re-engineering

    Risk Management

    Financial Management

    Multi-Cultural Team Leadership


    Tendering and Procurement

    Project Management

  • Experience

    Gudmundur Fridriksson is an MBA educated, strategic and highly experienced business leader with 30 years’ of experience in a diverse range of management positions in organisations worldwide. He is also the co-founder and CEO of Paga Hill Development Company, the focus of which is the 13.7 hectare, master planned community in Port Moresby: Paga Hill Estate.

    Paga Hill Development Company (PNG) Ltd (PHDC)

    Dec 2012 – Present

    Chief Executive Officer

    Cape York Institute for Policy and Leadership (CYI)

    Dec 2010 – Nov 2012

    Chief Executive Officer

    Cape York Partnerships for Welfare Reform and Cape York Institute for Policy & Leadership

    Jan 2009 – Jan 2012

    Director of Cape York Welfare Reform

    Cape York Partnerships (CYP)

    Jan 2009 – Nov 2010

    Deputy Chief Executive Officer

    Mossman Gorge Visitors Centre

    Jan 2007 – Jan 2012

    Deputy Chief Executive Officer

    Balkanu Cape York Development Corporation Pty Ltd

    Jan 2007 – Sep 2007

    Cape York Business Development Manager

    Balkanu Cape York Development Corporation Pty Ltd

    Feb 2006 – Dec 2006

    Mossman Gorge Visitors Centre Project Manager

    CCS Anvil (PNG) Limited (formerly Anvil Project Services P/L)

    May 2000 – Jan 2006

    General Manager and Project Director


    Destination Papua New Guinea

    Jan 1994 – Jan 1996

    Managing Director

    Paga Hill Development Company (PNG) Ltd (PHDC)

    May 1996 – Present


  • Blog

    Gudmundur Fridriksson is the CEO of Paga Hill Development Company (PHDC), which is constructing Paga Hill Estate: a 13.7-hectare mixed-use master planned site in Port Moresby, Papua New Guinea. He is passionate about Indigenous development, economic and tourism growth and all things to do with Papua New Guinea.

    As a nation with strong ties to Christianity, Easter holds special significance for the residents of Papua New Guinea. Unlike western nations, commercialism is yet to infiltrate the annual holiday, and Easter retains a true sense of spirituality and celebration. So, what are the Easter...
    As Papua New Guinea’s smallest and least populated province, Manus Province rarely gets the kudos reserved for other regions like the Southern Highlands or New Britain. But this less frequented region packs a host of drawcards for tourists and travellers looking for an idyllic escape that’s far...
    In the remote Middle Fly district of Western Province is Papua New Guinea’s largest lake – a vast expanse of water featuring river tentacles that stretch out far into the jungle. A place of untouched beauty and an abundance of wildlife, folklore has it the lake and its surrounding swamplands...
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  • Education

    Gudmundur Fridriksson graduated from the University of Papua New Guinea in Port Moresby in 2004 with a Masters of Business Administration (MBA). Prior to his MBA, Gudmundur studied science and sociology in Iceland.

    University of Papua New Guinea, Port Moresby, PNG Southern Cross University, Lismore, NSW, Australia

    2001 – 2004

    Masters of Business Administration (M.B.A)

    Fjlbrautasklinn Breiholti, Reykjavik, Iceland

    1976 – 1981

    Icelandic Studentsprof in Science, Sociology

  • Projects

    Gudmundur Fridriksson is passionate about economic development in Indigenous communities — and all things to do with Papua New Guinea. Over the course of his career, he has worked on a number of projects in these areas, including welfare reform and investigation into foetal alcohol syndrome in Cape York in Australia. His current focus is the Paga Hill Estate.

    Paga Hill Estate


    Paga Hill Estate will be the focal point of Port Moresby. Papua New Guineas first comprehensively planned multi-use development, enjoyed by residents and attracting thousands of visitors and tourists to the region. Situated on 13.7 hectares of elevated waterfront land, Paga Hill is the most prominent headland in Port Moresby, neighbouring the CBD and approximately 12km from the international airport.

    Paga Hill Community Resettlement


    Paga Hill Development Company (PHDC) has always considered the resettlement of the Paga Hill community as an integral part of the overall development. The United Nations (UN) hailed PHDC's resettlement model as a significant achievement as it sets a positive precedent in PNG and the broader region.

    Cape York Welfare Reform


    The welfare system has created welfare passivity in remote Indigenous communities. In 2008 Aurukun, Coen, Hope Vale and Mossman Gorge signed up to the Cape York Welfare Reform initiative to end passive welfare, restore communal and family harmony, and create more vibrant and prosperous communities.

    CYI Submission to Inquiry into Foetal Alcohol Spectrum Disorder.


    The Cape York Institute responded to the Inquiry by strongly advocating for firm and robust measures that specifically target preventing this irreversible condition that is dimming the potential for future generations of Cape York. It supports an integrative strategy that works with women, families and communities prior to pregnancy.

    Pesquet’s Parrot – Port Moresby Nature Park


    Paga Hill Development Company believes that PNG’s gift to the world is its’ people, culture and language, its incredible history and its rich, diverse flora and fauna. That is why PHDC have sponsored the Pesquet’s Parrot Walk at PNG’s leading botanical and native zoological park: The Port Moresby Nature Park. The Pesquet Parrot Walk is a walk-through aviary dedicated to the protection of

    Police Legacy


    Paga Hill Development Company is a long-term supporter of the PNG Constabulary (Police Legacy) and last year donated a home to the worthy charity. The home will provide Police Legacy with a regular income stream to support the families of Police Officers who have died whilst serving in the Constabulary.

    CYI Submission to the Standing Committee on Aboriginal Australian and Torres Strait Islander Affairs

    The Baguette Bistro Band


    The Baguette Bistro Band was formed by Gudmundur (Gummi) Fridriksson and Ben Hakalitz in 2017.

    Ben and Gummi, having been friends for over 20 years, often talked about forming a band together to record and play their own songs and their own version of songs made by others. In mid-2017, they finally got on with it and the Baguette Bistro Band became a reality.

  • Contact

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