Fijivillage
24 February, 2026, 1:36 am
Central - 25°C Rain
24 February, 2026, 1:36 am Central - 25°C Rain

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
President yet to act after JSC recommends for Rokoika removal
President Ratu Naiqama Lalabalavu is yet to act on the recommendation of the Judicial Services Commission to ensure that Acting FICAC Commissioner, La...
9 hours ago
LATEST NEWS
Rabuka says he will not interfere in FICAC operations
Prime Minister Sitiveni Rabuka says he will not interfere in the work of FICAC.Speaking to fijivillage News this afternoon, Rabuka made it clear that ...
7 hours ago

Post mortem done, trust the process - Tudravu
Police Commissioner, Rusiate Tudravu says the post mortem examination of the Police officer found in Lami yesterday was conducted today, with the ...
8 hours ago

Vakaloloma acquitted of Duidomo's murder outside Suva motel
Ledua Vakaloloma has been acquitted on a charge of murder by the Suva High Court. Vakaloloma was charged with killing ...
8 hours ago

Those responsible for officer Racagi’s death will be dealt with – Naivalurua
Minister for Policing, Ioane Naivalurua says those responsible for the death of 24-year-old police officer Peniasi Racagi will be identified and ...
8 hours ago

VOU draws sold-out crowds at NZ Fringe Festival
VOU is having a great time in New Zealand with sold-out shows, drawing full houses and rave reviews at the New Zealand Fringe Festival in ...
10 hours ago



Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Charlie Charters held at Nadi Airport because of a FICAC flag on his file
Fijian national, Charlie Charters is being held at immigration at Nadi International Airport because of a FICAC flag on his file.fijivillage News has ...
11 hours ago

Minister ready to repay business class air fare for wife as concerns grow about Sports Council deals
I was invited to travel to New Zealand by the Fiji Sports Council for a grassroots 7s tournament in 2024, I travelled business class but it was ...
18 days ago

Malimali and others filed for judicial review into COI
The application for leave for the judicial review has been made by former FICAC Commissioner Barbara Malimali, former Attorney General Graham Leung ...
18 days ago

TOP