Fijivillage
NEWS SPORTS IN DEPTH
18 April, 2026, 4:30 am
Central - 23°C Rain
IN DEPTH
18 April, 2026, 4:30 am Central - 23°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
Druglord dies in military custody
A drug accused also known as one of the main druglords in the country has passed away after being taken into custody by the Republic of Fiji Military ...
13 hours ago
LATEST NEWS
Hong Kong 7s: Fijiana edge Brazil 15-12
The Fiji Airways Fijiana 7s side has finally chalked up a win at the Hong Kong 7s, edging Brazil 15-12 in their second pool game.The Fijiana scored ...
4 hours ago

Hong Kong 7s: Fijiana goes down 12-5 to Japan
The Fiji Airways Fijiana 7s side has gone down 12-5 to a strong Japan side in their first pool game at the Hong Kong 7s.Debutant Atelaite Ralivanawa ...
7 hours ago

Hong Kong 7s: Fiji thumps Great Britain 24-10
The Fiji Airways Men's National 7s side has just won their second game at the Hong Kong 7s, thumping Great Britain 24-10.Finley Lloyd-Gilmour drew ...
7 hours ago

Hong Kong 7s: Veilawa double helps Fiji thump Germany 42-5
The Fiji Airways National Men's 7s side put on a masterclass performance in their first game against Germany, with nippy halfback Terio Veilawa's ...
10 hours ago

Human Rights Commission urges Police to justify and reconsider Vuda march permit denial
The Fiji Human Rights and Anti-Discrimination Commission is calling on the Fiji Police Force to provide a clear, written explanation of the reasons ...
10 hours ago



Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Ratu Epeli Nailatikau's State Funeral
Ratu Epeli was a highly respected Fijian chief and a people’s President as many would remember him on many occasions walking on the streets of Suva ...
2 days ago

TC Vaianu Coverage
The National Disaster Management Office (NDMO) is urging the public to remain alert, prepared, and watch out for one another as Tropical Cyclone ...
9 days ago

Citizens to oppose proposed TNG Waste-to-Energy incinerator in Saweni, Vuda
Serious concerns are being raised regarding a proposed Australian company's TNG Waste-to-Energy incinerator in Saweni, Vuda, and a group of concerned ...
9 days ago

TOP