9 January, 2026, 3:04 am Central - 24°C Clouds

Local and foreign investments rake in millions

Local and foreign investments rake in millions

By fijivillage.com
22/11/2012
Investment Fiji surpassed its 2012 target by $95 million, on the value of implemented proposals worth $620 million.

Chief Executive Officer Ravuni Uluilakeba said they were targeting $525 million worth of proposed investments.

Uluilakeba said this year they received 110 investment proposals valued at $700.44 million compared to 97 proposals last year and from this, 103 proposals have been registered but not implemented and valued at $308.4 million.

Uluilakeba said that from January to September they have registered a total of 103 investment proposals with 2,171 new jobs created which has surpassed half of the target.

Investment Fiji is targeting to create at least 4,000 new jobs in the country before the end of next month which will come from tourism, real estate and manufacturing.

Local investments are also expected to rake in millions into the economy and create new jobs.

In particular the $30 million Damodar City Complex which opens mid next year is expected to create 400 new jobs.

The $70 million re development of the iconic Grand Pacific Hotel is also expected to be complete by the third quarter of 2013.

New jobs will also be created when the ANZ Pacific headquarters in Melbourne will be shifted to Fiji.

The new $3 million shopping complex in Carreras Road in Votualevu, Nadi has also resulted in 50 new jobs. 

22 new jobs were created after MH Homemaker opened its new Homemaker outlet on Nadi Back Road last month.

More jobs are expected to be created in Tavua as investment is expected to increase next year. 

Special Administrator Arun Prasad said a complex will be built and people will be employed at the site.


Story by: Filipe Naikaso
FEATURE NEWS
No evidence linking recent body discoveries to drugs or crime - Tudravu
There is currently no evidence linking the recent discovery of five bodies in less than a month to drugs or organised criminal networks.  This has be...
11 hours ago
LATEST NEWS
Youth-led project brings Dakuinaroba Bamboo Park in Namosi to life
A mataqali of 295 members in Namosi has turned to youth-driven development to unlock the economic potential of its land, culminating in the opening ...
9 hours ago

Human Rights Commission urges action on Fiji’s rising missing children cases
Serious concerns have been raised by the Human Rights Commission regarding the increasing number of missing persons cases in Fiji, particularly those ...
9 hours ago

Fijians in Savusavu raise concerns over proposed EFL tariff increase
More Fijians in Savusavu are raising concerns about the proposed EFL tariff increase, highlighting its negative effects on them.Savusavu ...
10 hours ago

SG indicates some settlement terms with JSC to be confidential
Solicitor General Ropate Green, who is the counsel for the Attorney General and the Commission of Inquiry into Barbara Malimali's appointment as ...
10 hours ago

Parents urged to set tech rules for children
With thousands of children enjoying their school holidays, naturopath and nutritionist Barbara O'Neill is calling on parents and guardians to have ...
12 hours ago



Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Electricity tariff increase for users consuming more than 100 units
There is an increase in the electricity tariff rate for consumers using more than 100 units from 1 January next year.Fijian Competition and Consumer ...
6 days ago

Fiji needs to act on human trafficking indicators associated with Grace Road Group
The United States remains deeply concerned about indicators of trans-national organised crime and human trafficking in Fiji associated with the Grace ...
17 days ago

Cheap seed oils are not good for our health - O'Neill
With over 80 percent of deaths in Fiji caused by cardiovascular disease based on the 2011 report, naturopath and nutritionist Barbara O’Neill is ...
18 days ago

TOP