Approximately $1 to $2 billion is anticipated to flow into the economy within the next six to twelve months. This information was shared 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 at Natadola Beach, Nadroga, yesterday.
Kamikamica highlighted the remarkable impact of the tourism sector, stating that it currently accounts for about 40 percent of the country’s GDP and continues to grow. He emphasized that tourism significantly supports various other sectors, including agriculture.
He further asserted that the tourism sector is on the verge of a major expansion, indicating positive prospects for the industry in the near future.
In terms of investment, recent documents indicate that Fiji has approximately $6 billion in both domestic and foreign investment opportunities. Kamikamica reassured that the Government is committed to fostering a business-friendly environment by streamlining processes, minimizing bottlenecks, and creating supportive frameworks to attract further investments to Fiji.
During the event, he acknowledged the newly branded Kimaya Fiji Group, the parent company of Yatule Resort and Spa, for its significant contributions to the Fijian tourism sector. Kimaya Group’s managing director, Damen Gounder, announced that the resort, which underwent $7 million in renovations over the past six months, is poised for ambitious growth and evolution.
Furthermore, Fiji National Provident Fund CEO Viliame Vodonaivalu remarked that the reopening represents the beginning of a successful partnership with Kimaya Group, which has been ongoing for nine years since 2015.