SUNBIZ

Vanua Levu To See Significant Investment Boost To Tourism

Numerous plans and proposals are in line to develop Vanua Levu tourism, says Tourism Fiji chief executive Matthew Stoeckel. Mr Stoeckel said he was already aware of various new resort
14 Jan 2017 11:16
Vanua Levu To See Significant Investment Boost To Tourism
Tourism Fiji chief executive, Matthew Stoeckel. Photo:WAISEA NASOKIA

Numerous plans and proposals are in line to develop Vanua Levu tourism, says Tourism Fiji chief executive Matthew Stoeckel.

Mr Stoeckel said he was already aware of various new resort developments proposed in the Savusavu area which will start this year.

“I am aware of numerous plans and proposals to develop tourism products in Vanua Levu to allow tourists to take advantage of the outstanding visitor experiences offered in the region,” Mr Stoeckel said.

Moreover, Mr Stoeckel said he was happy to note that investors were reinvesting into the development and refurbishment of resorts in Savusavu which suffered damage due to Cyclone Winston.

“The confidence that investors have in developing new tourism product and infrastructure in Fiji is a very positive signal for the health and future of Fijian tourism industry.

“It is a reflection of the outstanding product and experiences Fiji provided for its visitors.”

In addition to this, Investment Fiji chief executive, Godo Mueller-Teut said as far as increasing investment in Vanua Levu was concerned, government had put in place various incentives that had been attracting the investors to explore opportunities there.

For example, he said, Government’s Look North Policy was geared towards attracting more investors in Vanua Levu.

“Government has also conducted country wide consultations on the National Development Plan,” Mr Mueller-Teut said.

“And people of Vanua Levu have given their suggestions and thoughts to the government directly on what they want for the region.”

He said the Government had also declared the whole of Vanua Levu as well as Taveuni as a tax free region and so far yet Fiji had the lowest corporate tax rate of 20 percent.

“We are seeing that investors are enquiring about these incentives which reflect their interest in investing in Fiji.”

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