Existing Australian investors in Fiji have steadily increased their spending in local projects since 2010, says Investment Fiji chief executive, Godo Müller-Tüet.

He said the past year recorded the highest of 74 ventures valued at $47.3 million with the majority focussed in tourism and services sectors.

Mr Müller-Tüet made these comments while addressing delegates part of the Australian Investment and Trade Exploration Mission to Fiji.

He told the potential investors that other sectors such as industries, fishing, education, mining & quarrying, financial intermediation and real estate have unlimited potential areas of growth.

He encouraged them to tap into these areas for development.

A two-day seminar is being held at Novotel Suva Lami Bay which provides delegates with direct access to private sector and government departmental heads.

They therefore have the opportunity to investigate new markets and form potential joint venture partnerships with wholesalers, buyers and entrepreneurs as well as to first-hand information.

The time is now

Mr Müller-Tüet told the delegates this is the best time to invest in Fiji as the country is at its peak in terms of growth.

He said investment in Fiji reached the highest level in 2013 since the 1980s of $2.15 billion or 29 per cent of the GDP.

“This is only going to strengthen as we strive to gain the best from both worlds,” he said.

Mr Müller-Tüet also invited ex-Fiji residents to take advantage of this opportunity and return home to utilise their experience, knowledge and skills to start or develop their businesses here.

There are 17 delegates who are part of the mission.

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