Approximately $1 to $2 billion is anticipated to flow into the economy within the next six to twelve months. Deputy Prime Minister and Acting Minister for Tourism, Manoa Kamikamica, made this announcement during the branding launch of Kimaya Fiji Group and the reopening of Yatule Resort and Spa at Natadola Beach, Nadroga.
Kamikamica highlighted the remarkable impact of the tourism sector, stating that it now accounts for around 40 percent of the country’s GDP and continues to grow. He emphasized that tourism also supports various other sectors, including agriculture.
The Deputy Prime Minister noted that the tourism sector is on the verge of significant growth, describing it as being at its next tipping point.
In terms of investment opportunities, recent reports estimate that Fiji has around $6 billion in domestic and foreign investment potential. Kamikamica reiterated the government’s commitment to fostering an investment-friendly environment, which includes streamlining processes, eliminating bottlenecks, and creating conditions that attract more investments to Fiji.
During the event, Kamikamica praised the Kimaya Fiji Group for its contribution to the Fijian tourism sector. Kimaya Group’s managing director, Damen Gounder, announced that the resort underwent six months of renovations with a total investment of $7 million. He expressed the company’s ambition for growth and evolution.
Additionally, Fiji National Provident Fund CEO Viliame Vodonaivalu remarked on the successful partnership with the Kimaya Group, which has been ongoing since 2015.