Approximately $1-$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 launch of the Kimaya Fiji Group’s branding and the reopening of the Yatule Resort and Spa on Natadola Beach, Nadroga.
Mr. Kamikamica highlighted the significant impact of the tourism sector, noting its contribution to around 40 percent of the country’s GDP and emphasizing the positive trajectory for the nation. He also pointed out that tourism benefits various other sectors, including agriculture.
He mentioned that the tourism industry is approaching a pivotal moment that could lead to substantial growth.
In terms of investment opportunities, a recent report indicated that Fiji has around $6 billion available for domestic and foreign investments. Mr. Kamikamica affirmed the government’s commitment to fostering a business-friendly investment environment by streamlining processes and minimizing obstacles to attract more investments to Fiji.
During the event, Mr. Kamikamica acknowledged the newly rebranded Kimaya Fiji Group, which oversees Yatule Resort and Spa, for its contributions to Fiji’s tourism landscape. The managing director of the Kimaya Group, Damen Gounder, noted that the resort underwent renovations for six months, involving an investment of $7 million.
He emphasized the ambition and growth mindset of the company: “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.”
Viliame Vodonaivalu, CEO of Fiji National Provident Fund, remarked on the beginning of a successful partnership with Kimaya Group, which has developed over the last nine years since 2015.