The Fiji National Provident Fund (FNPF) is set to play a vital role in an ambitious $250 million tourism project that will be announced today. This significant initiative is expected to create around 500 jobs and contribute approximately $26 million to Fiji’s economy, marking a notable milestone for the country.

Key partners in this venture include BSP Bank and Australian real estate firm Realcorp, spearheaded by its founder Bob Lowres, who is recognized for his successful development of Naisoso Island. Ahead of the public unveiling, Realcorp has already reported securing an impressive $181 million in sales, showcasing strong market confidence and optimism that the entire project will be sold out by its expected completion in late 2026.

FNPF has significantly increased its portfolio within the tourism sector over recent years, owning several major hotels and acquiring a 30% stake in Fiji Airways during the COVID-19 pandemic. In its 2024 annual report, FNPF confirmed that these investments have begun to yield favorable returns, capitalizing on the resurgence in tourism that has driven higher occupancy rates and revenues for its hotel properties, including notable establishments like the InterContinental Fiji Resort & Spa and the Fiji Marriott Resort at Momi Bay.

As one of Fiji’s largest property owners, with assets surpassing $10 billion, FNPF’s contributions are crucial for driving economic growth and job creation within the tourism industry. The optimistic outlook for this project aligns with ongoing initiatives by the government to promote investment opportunities, ensuring that Fiji remains an attractive destination for both domestic and international investors.

The announcement of this project not only symbolizes a revitalization of the job market but also reinforces Fiji’s status as a premier tourist destination. It demonstrates the potential for continued growth in the tourism sector and underscores the country’s commitment to fostering a resilient and prosperous economy.

In summary, this tourism initiative promises to deliver significant economic benefits, job creation, and showcase Fiji’s dedication to developing a thriving tourism industry, embodying a hopeful outlook for sustainable prosperity in the coming years.