The Fiji National Provident Fund (FNPF) is poised to play a critical role in a substantial $250 million tourism project that is expected to generate approximately 500 jobs and contribute $26 million in income to the Fijian economy. This ambitious initiative, heralded as a significant milestone for the nation, will be officially announced today.

Alongside FNPF, notable partners in this project include BSP Bank and Realcorp, an Australian real estate development firm led by Bob Lowres, renowned for his previous work on Naisoso Island. Realcorp has reported securing $181 million in sales prior to the project’s announcement, reflecting a strong market demand and confidence in achieving full sell-out by its expected completion in late 2026.

FNPF has significantly increased its interests in the tourism sector over the years, owning several major hotels and acquiring a 30% stake in Fiji Airways during the COVID-19 pandemic. Recent reports from FNPF’s 2024 annual report indicate that investments in hotels have yielded favorable returns, driven by a resurgence in travel and tourism activities that have led to higher occupancy rates and revenue. Their portfolio boasts well-known properties such as the InterContinental Fiji Resort & Spa and the Fiji Marriott Resort Momi Bay.

With assets exceeding $10 billion, FNPF stands as one of the largest property owners in Fiji, making its role vital for job creation and economic development within the tourism industry. The optimistic projections for this new project align with ongoing government efforts aimed at promoting investment opportunities, which are crucial for enhancing Fiji’s attractiveness as a destination for both domestic and international investors.

This project not only symbolizes a commitment to bolstering the local economy through job creation but also underscores the resilience and recovery of Fiji’s tourism sector. The collaborative nature of these developments highlights a hopeful future for the nation, reinforcing its position as a prime tourist destination moving forward.

In conclusion, this initiative holds significant potential for economic improvement and is indicative of Fiji’s commitment to fostering a sustainable and prosperous future within its tourism industry.