Approximately $1 to $2 billion is projected to be injected into the economy over the next six to 12 months. This information was shared by Deputy Prime Minister and Acting Minister for Tourism, Manoa Kamikamica, during the launch of the Kimaya Fiji Group brand and the reopening of the Yatule Resort and Spa on Natadola Beach in Nadroga.
Kamikamica highlighted the remarkable impact of the tourism sector, noting that it contributes significantly to the economy, accounting for around 40 percent of the GDP. He indicated that tourism also positively influences various other sectors, including agriculture.
He stated that the tourism industry is currently at a critical juncture and is poised for substantial growth.
In terms of investment, Fiji’s domestic and foreign investment opportunities total approximately $6 billion. Kamikamica mentioned that the government aims to foster an investment-friendly environment by streamlining processes, reducing obstacles, and creating favorable conditions to attract more investments into the country.
During the ceremony, he recognized the newly branded Kimaya Fiji Group, the parent company of Yatule Resort and Spa, for its contribution to Fiji’s tourism landscape. Kimaya Group managing director Damen Gounder revealed that the resort underwent renovations for six months, involving an investment of $7 million. He emphasized the company’s ambition and commitment to continuous growth and evolution.
Viliame Vodonaivalu, CEO of the Fiji National Provident Fund, noted that this marks the beginning of a fruitful partnership with the company that has lasted nine years since 2015.