Approximately $1-2 billion is anticipated to be injected into the economy over the next six to twelve months. This announcement was made 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 on Natadola Beach, Nadroga.
Mr. Kamikamica highlighted the significant impact of the tourism industry, noting that it has become a crucial contributor to the country’s economy, accounting for about 40 percent of GDP and continuing to grow. He mentioned that tourism also benefits other sectors, including agriculture.
Currently, Mr. Kamikamica believes the tourism industry is at a pivotal moment and is poised for major expansion.
In terms of investment, recent reports estimate that Fiji’s domestic and foreign investment opportunities amount to roughly $6 billion. The deputy prime minister emphasized the government’s commitment to fostering a business-friendly investment environment, which includes streamlining processes and minimizing barriers to attract more investments into Fiji.
The re-opening of Yatule Resort and Spa marks a significant step in the Fijian tourism sector, and Mr. Kamikamica acknowledged the newly branded Kimaya Fiji Group’s contribution to this landscape. The group’s managing director, Damen Gounder, shared that the resort underwent renovations for six months, with an investment of $7 million. He expressed the company’s ambitious vision for growth and evolution in the tourism market.
Viliame Vodonaivalu, CEO of the Fiji National Provident Fund, remarked on the nine-year partnership with Kimaya Group, highlighting the promising collaborative efforts in promoting Fiji’s tourism sector.