Approximately $1 to $2 billion is projected to flow into the economy within the next six to twelve months. This announcement was made by Deputy Prime Minister and Acting Minister for Tourism, Manoa Kamikamica, during the branding launch of Kimaya Fiji Group and the reopening of Yatule Resort and Spa on Natadola Beach, Nadroga.
Kamikamica highlighted the remarkable impact of the tourism sector, noting that it contributes about 40 percent of the country’s GDP and continues to grow. He emphasized that tourism also benefits various other sectors, including agriculture.
The Deputy Prime Minister stated that tourism is at a crucial turning point and is poised for significant growth.
In terms of investment potential, Fiji is looking at around $6 billion in domestic and foreign investment opportunities. Kamikamica affirmed the government’s commitment to fostering a business-friendly investment climate by streamlining processes and eliminating obstacles to attract more investments.
He also praised the newly branded Kimaya Fiji Group, the parent company of Yatule Resort and Spa, for its significant role in the tourism sector. Kimaya Group managing director Damen Gounder mentioned that the resort underwent renovations for six months with an investment of $7 million, expressing the company’s ambition for growth and evolution.
The CEO of Fiji National Provident Fund, Viliame Vodonaivalu, remarked on the successful partnership with the company that has developed over the past nine years since 2015.