Approximately $1 to $2 billion is anticipated to be injected into the economy over the next six to twelve months. Deputy Prime Minister and Acting Minister for Tourism, Manoa Kamikamica, made this announcement during the branding launch of the Kimaya Fiji Group and the reopening of the Yatule Resort and Spa in Natadola Beach, Nadroga, yesterday.
Mr. Kamikamica highlighted the significant contributions of the tourism industry, stating that it has become a major driver of the economy, accounting for about 40 percent of the GDP and showing continuous growth. He noted that tourism also positively impacts other sectors, including agriculture.
The Deputy Prime Minister asserted that the tourism sector is reaching a pivotal moment and is poised for further expansion.
Investment Opportunities
According to recent reports, the total domestic and foreign investment opportunities in Fiji are estimated to be around $6 billion. Mr. Kamikamica emphasized the government’s commitment to fostering a business-friendly investment environment. This includes streamlining processes, minimizing bottlenecks, and creating enabling conditions to attract more investments to Fiji.
Reopening of Yatule Resort and Spa
He expressed appreciation for the newly branded Kimaya Fiji Group, the parent company of Yatule Resort and Spa, for its contributions to the tourism sector in Fiji. Kimaya Group’s managing director, Damen Gounder, explained that the resort had undergone six months of renovations, with an investment totaling $7 million.
Gounder remarked on the company’s ambitious growth plans, stating, “We are taking a giant leap – a leap that represents not just the growth of our company but the evolution of our brand and vision.”
Fiji National Provident Fund chief executive officer Viliame Vodonaivalu remarked on the successful partnership with the Kimaya Group, which has developed over a nine-year period since 2015.