Approximately $1 to $2 billion is anticipated to be injected into the economy within the next six to twelve months. Deputy Prime Minister and Acting Minister for Tourism, Manoa Kamikamica, made this announcement during the launch event for Kimaya Fiji Group’s branding and the re-opening of Yatule Resort and Spa at Natadola Beach, Nadroga.
Mr. Kamikamica emphasized the significant impact of the tourism sector, noting that it accounts for around 40 percent of the nation’s GDP and continues to grow. He highlighted the contributions tourism makes to various other sectors, including agriculture.
The Deputy Prime Minister stated that the tourism industry is on the verge of a major expansion.
As for investment prospects, Fiji’s total domestic and foreign investment opportunities are estimated to be around $6 billion. Mr. Kamikamica reaffirmed the government’s commitment to fostering a favorable investment climate by simplifying processes and minimizing obstacles to attract further investments into Fiji.
He acknowledged the newly branded Kimaya Fiji Group, the parent company of Yatule Resort and Spa, for its contributions to the Fijian tourism sector. Kimaya Group’s managing director, Damen Gounder, mentioned that the resort underwent six months of renovations at a cost of $7 million. He expressed the company’s ambition for growth and the necessary evolution that comes with it.
Viliame Vodonaivalu, CEO of the Fiji National Provident Fund, remarked on the successful partnership with Kimaya Group, which has been in place for nine years since 2015.