Business

Businessman plans $4.5m investment

By SHEIK DEAN Nadi businessman, Abdul Rahiman Ali, also known as Freddy, has planned an investment of approximately $4.5 million for the next three years in luxury apartments. The investment
02 Feb 2014 07:52
From left: ANZ corporate manager Umesh Chand, Lautoka Chamber of Commerce administrator, Salim Mohammed and businessman Abdul Rahiman Ali pour concrete during the foundation laying of Al-Minhaj Apartments in Nadi. Photo SHEIK DEAN

From left: ANZ corporate manager Umesh Chand, Lautoka Chamber of Commerce administrator, Salim Mohammed and businessman Abdul Rahiman Ali pour concrete during the foundation laying of Al-Minhaj Apartments in Nadi. Photo SHEIK DEAN

By SHEIK DEAN

Nadi businessman, Abdul Rahiman Ali, also known as Freddy, has planned an investment of approximately $4.5 million for the next three years in luxury apartments.
The investment will see three luxury residential apartments take shape in Bountiful Sub-division, Nadi, with the first project already underway.
Mr Freddy believes Nadi’s busiest vicinity, Namaka, needs more luxury residential apartments as business opportunities are booming and internal migration is on the rise.
“Nadi is a developing town and there are not many luxury residential apartments,” he said.
“Change is inevitable in the housing sector to deliver better standards of living for all.”

The projects
His first project of a triple story building consisting of 13 luxury apartments with a swimming pool will take shape this year at an estimated cost of $1.5 million.
“The apartments will be fully furnished and is in a flood free area,” he said.
“Nadi is the centre of hub for Fiji and sees a number of visitors on a daily basis who need top of the class apartments.
“The Al-Minhaj Apartments currently taking shape is expected to finish by 2015. The name Al-Minhaj simple means elegant and that is what these apartments will be.”

Growing business confidence
Mr Freddy already has 15 flats in Namaka on lease and is expecting to increase this number within the next three years.
“Business confidence in Nadi is growing which is another reason this apartment is coming up,” he said.
“The Bainimarama Government has also helped in boosting business confidence through the National Budget.”
Mr Freddy thanked the tremendous efforts from the current Government in helping Fiji prosper further making it the best in the country in the South Pacific region for investments.




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