Approximately $1 to $2 billion is anticipated to flow 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 launch of Kimaya Fiji Group’s branding and the reopening of Yatule Resort and Spa at Natadola Beach, Nadroga.
Mr. Kamikamica highlighted the significant impact of the tourism sector, noting that it accounts for about 40 percent of the country’s GDP, with further growth expected. He emphasized that tourism also positively influences other sectors, including agriculture.
The Deputy Prime Minister expressed confidence that tourism is at a pivotal moment and is poised for explosive growth.
In terms of investment, Fiji’s latest reports indicate there are approximately $6 billion in domestic and foreign investment opportunities. Mr. Kamikamica stated that the government is committed to fostering a business-friendly investment climate by streamlining processes and removing obstacles to attract more investments to Fiji.
During the ceremony, Mr. Kamikamica praised the newly branded Kimaya Fiji Group, which oversees Yatule Resort and Spa, for its contributions to the tourism sector. Kimaya Group managing director Damen Gounder mentioned that the resort underwent six months of renovations with a total investment of $7 million. He conveyed the company’s ambition for growth while stressing the importance of continuous evolution.
Viliame Vodonaivalu, chief executive officer of the Fiji National Provident Fund, recognized the development of a successful partnership with Kimaya Group, which has been ongoing for nine years since 2015.