The Fiji National Provident Fund (FNPF) is set to play a key role in an upcoming $250 million tourism project that is anticipated to create approximately 500 jobs and generate $26 million in income for Fiji. This significant real estate initiative, which is being officially unveiled today, is viewed as a “milestone” for the country.

Key partners in this development include BSP Bank and the Australian firm Realcorp, led by its founder Bob Lowres, who is known for his previous work on Naisoso Island. Realcorp has already secured $181 million in sales ahead of the project’s announcement, and they are optimistic about selling out the entirety of the project by its expected completion in late 2026.

FNPF has made considerable strides in the tourism sector over recent years, owning multiple key hotels and acquiring a 30% stake in Fiji Airways during the COVID-19 pandemic. Recent reports indicate that these investments are delivering favorable returns, benefiting from the resurgence in tourism activities that have led to increased occupancy rates and revenue for the Fund’s hotel holdings, which include renowned properties such as the InterContinental Fiji Resort & Spa and the Fiji Marriott Resort Momi Bay.

In its latest annual report, the FNPF noted that the recovery of the tourism sector has directly enhanced its financial performance. With assets exceeding $10 billion, FNPF is recognized as one of the largest property owners in Fiji, making its contributions vital for economic growth and job creation within the tourism industry.

The positive impact of this project reflects the broader governmental efforts to support investment opportunities in Fiji, ensuring it remains an attractive destination for both local and international investors. The developments signal a hopeful future for Fiji’s tourism sector, reinforcing the country’s commitment to rebuilding and enhancing its economy.

This investment initiative embodies the potential for sustainable growth in Fiji’s tourism market, promising not only job creation but also the strengthening of the nation’s economic infrastructure in the years to come.