$1bn-$2bn for the Economy

About $1-$2 billion is expected to be released into the economy in the next six to 12 months.

Deputy Prime Minister and Acting Minister for Tourism, Manoa Kamikamica revealed this during the branding launch of Kimaya Fiji Group and re-opening of Yatule Resort and Spa on Natadola Beach, Nadroga yesterday.

He said the impact of the tourism industry has been phenomenal and that the country could expect good days ahead.

“It has caused more than a ripple effect across our economy, up to about 40 per cent of GDP and growing,” said Mr Kamikamica.

“It also contributes across other sectors in our country, namely agriculture and other sectors.”

Mr Kamikamica said tourism was currently at its next tipping point and would be about to explode.

Investment opportunities

In its latest report documents, Fiji’s domestic and foreign investment opportunities were roughly around $6 billion in total.

Mr Kamikamica said Government would continue to strive to create an investment environment that would be easy to do business in.

“That includes streamlining of processes, reducing bottlenecks, creating, and enabling environments to ensure that we attract more investment into Fiji,” he said.

Yatule Resort and Spa re-opening

He acknowledged newly branded Kimaya Fiji Group (which is the parent company of Yatule Resort and Spa) for its role in the Fijian tourism landscape.

Kimaya Group managing director Damen Gounder said the resort property had been under renovations for six months, with an investment of $7 million.

“We are ambitious, and growth is in our DNA; however with any growing entity, we must continue to evolve,” he said.

“We are taking a giant leap – a leap that represents not just the growth of our company but the evolution of our brand and vision.

Fiji National Provident Fund chief executive officer Viliame Vodonaivalu said it showed the start of a successful partnership with the company which had now spanned over a period of nine years since 2015.

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