Approximately $1 to $2 billion is anticipated to flow into the economy over the next six to twelve months, according to Deputy Prime Minister and Acting Minister for Tourism, Manoa Kamikamica. He 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 significant impact of the tourism sector, stating that it contributes roughly 40% to the nation’s GDP and supports other industries, particularly agriculture. He expressed optimism that tourism is poised for significant growth, stating it is at a critical juncture and ready to expand further.
In terms of investment, Fiji currently boasts approximately $6 billion in domestic and foreign investment opportunities. The Deputy Prime Minister emphasized the government’s commitment to fostering a business-friendly environment, which includes streamlining processes and reducing obstacles to attract more investment to the country.
During the event, Kamikamica recognized the newly branded Kimaya Fiji Group, the parent company of Yatule Resort and Spa, for its contributions to the Fijian tourism landscape. Kimaya Group’s managing director, Damen Gounder, mentioned that the resort underwent six months of renovations, costing around $7 million. He noted the ambitious growth of the company, emphasizing the need for continual evolution alongside that growth.
Viliame Vodonaivalu, CEO of Fiji National Provident Fund, commented on the successful partnership built with Kimaya Group, which has been ongoing for nine years since 2015.