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Works On Big Nakasi City To Begin: Dong-A

  He has been in Fiji for 24 years and now with big plans to develop a city with modern facilities. Young Soo Rhee, a Korean-born Fijian citizen and managing
06 May 2017 11:00
Works On Big Nakasi City To Begin: Dong-A
An artist’s impression of Nakasi City.

 

He has been in Fiji for 24 years and now with big plans to develop a city with modern facilities.

Young Soo Rhee, a Korean-born Fijian citizen and managing director of Dong-A-Holding Fiji Ltd, yesterday witnessed the groundbreaking ceremony of a dream that started 10 years ago and some have questioned whether it will ever start.

Minister for Local Government and Urban Development Parveen Bala officiated at the groundbreaking ceremony.

Mr Bala said: “Developing Nakasi to eventually becoming a city will be carried out by the private sector. Something that is encouraging. It is also a partnership between the public and the private sector, something that we champion and promote,” Mr Bala said.

“Dong-A-Holdings have come a long way and I thank them for their faith to invest in our country, for creating the interest by its partners from abroad to participate in this significant investment.”

Nakasi City project will be undertaken over 15 years on an 800-acre land with a final total investment of about $500-$700 million, CEO of Dong-A- Holding Fiji Ltd, Jemesa Pei said.

“Nakasi City is a city itself with all its amenities. There are 23 amenities altogether,” Mr Pei said.

“There will be a church, university, hotel, casino, bus station, hospital, market, cultural centre, shopping complexes.

“All these with a population of 32,000-33,000 people occupying the residential lots. There is also a silver town where retirees from overseas can come into Fiji and spend their retirement age over here.”

The project would take 15 years to complete.

“This is part of Mr Rhee’s vision of Fiji. He says that Fiji is a beautiful place but it is not developed to its full potential,” Mr Pei said.

Mr Rhee said being a citizen of Fiji; he wanted money to be circulated within the country.

“Most of the time when tourists come, they go to outer islands and other resorts to enjoy their holiday, but this new modern city gives them a chance to stay within the Central Division and enjoy the facilities and entertainment that we have to offer,” Mr Rhee added.

Investors would be from China, Korea, Canada, he said, with some markets targeted being Australia, New Zealand and China.

Works on the project is expected to be undertaken by local and overseas contractors.

Mr Rhee’s development plans has four ultimate goals, a world class city that meets both global and local expectations, a modern city image with high standard of administration, educational, cultural centre, and leisure facilities, a strong focal point for tourism and industrial development and a modern city with luxurious international standard amenities and a convenient mode of transportation.

Feedback:  ivamere.nataro@fijisun.com.fj

 

 

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