Fiji is currently managing 195 active investment projects valued at approximately $5.5 billion, with potential growth projections estimating that this figure could rise to $13 billion, according to Deputy Prime Minister and Minister for Trade, Manoa Kamikamica. Speaking at the recent Innovation and Entrepreneurship Summit in Labasa, Kamikamica noted that out of these projects, about 84, worth around $2 billion, are already under construction.
Kamikamica emphasized that these developments signify a growing recognition of Fiji as a stable and promising investment destination. He mentioned the need for a strategic shift from merely recovering from the recent pandemic to building a future-oriented, innovation-driven economy. “We need to reimagine the economy of the future where innovation and entrepreneurship are not just aspirations, but necessities,” he stated.
Despite a minor decline in overall economic growth, he maintained an optimistic outlook. “If we push the economic levers available to us, we could exceed a 4 percent growth rate this year,” he predicted, underscoring the increasing confidence in Fiji’s economic transformation.
This news aligns with previous reports from Kamikamica and other officials highlighting the encouraging investment climate in Fiji. Earlier discussions indicated that several sectors, particularly agriculture and tourism, could see significant growth bolstered by targeted investments and strategic planning.
Both domestic and international investors are showing increasing interest in Fiji, which positions the country for a bright economic future. The government’s proactive stance on facilitating innovative projects further enhances the attractiveness of Fiji as an investment hub.
Overall, with a combination of strategic direction and positive market sentiment, Fiji is setting the stage for a robust economic resurgence that could benefit its citizens and stakeholders alike.
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