An anticipated influx of $1 to $2 billion is expected to enter the economy within the next six to twelve months. This information was disclosed by Deputy Prime Minister and Acting Minister for Tourism, Manoa Kamikamica, during the launch of the Kimaya Fiji Group branding and the reopening of Yatule Resort and Spa on Natadola Beach in Nadroga.
Kamikamica highlighted the significant influence of the tourism sector, noting it contributes to approximately 40 percent of the nation’s GDP and continues to grow. He emphasized that tourism not only impacts the tourism industry but also bolsters various other sectors, including agriculture.
According to Kamikamica, the tourism sector is currently at a pivotal moment, poised for substantial growth.
In terms of investment, Fiji has identified around $6 billion in domestic and foreign opportunities. The government is committed to fostering a conducive investment climate that simplifies business operations. Kamikamica pointed out the necessity of refining processes and removing obstacles to attract further investments to Fiji.
At the reopening of Yatule Resort and Spa, he acknowledged the Kimaya Fiji Group, the resort’s parent company, for its contribution to Fijian tourism. Kimaya Group’s managing director, Damen Gounder, shared that the resort underwent six months of renovations, amounting to a $7 million investment.
Gounder expressed the company’s ambition for growth and the importance of continual evolution in business. “We are taking a giant leap — a leap that signifies not just the expansion of our company but the progression of our brand and vision,” he stated.
Viliame Vodonaivalu, the chief executive officer of Fiji National Provident Fund, remarked on the successful partnership established with the company over nine years, dating back to 2015.