$6 billion worth of investments for Fiji in the pipeline - Kamikamica

$6 billion worth of investments for Fiji in the pipeline - Kamikamica

By Navitalai Naivalurua
Monday 19/08/2024

The Fiji economy is looking positive, with $6 billion worth of investments in the pipeline.

While speaking on what the coalition government has done in the past 19 months regarding trade and investment on fijivillage Straight Talk with Vijay Narayan, Deputy Prime Minister and Minister for Trade, Co-operatives, Small and Medium Enterprises, and Communications, Manoa Kamikamica says $2 billion of that investment will probably start in the next six months and if that happens, the Fijian economy should be on an upward trajectory next year.

Kamikamica says for the past 19 months, he has been trying to rebuild Fiji with five key objectives which include economic diversification, encouraging SME cooperative movement, ease of doing business, digitization, and review of laws.

He says one of the things that they endeavoured to do within the trade and investment area was to try and see how they could broaden out Fiji's economic base and do it genuinely.

The Deputy Prime Minister says the government is also exploring the expansion of trade to South East Asia in the next few years as they have a population of 750 million people compared to our trading partners, New Zealand and Australia, which has about 40 million people.

He also highlighted that the parent company of Fiji Water, The Wonderful Company, is now looking at commercial agriculture in Fiji and it took them less than four months to convince them to reconsider as they had been trying in the past.

Kamikamica says this will benefit our farmers as it takes away the uncertainty of the market.

He adds another big investment is by Google who will build a $200 million Data Centre in the country and also bring four Subsea Cable to Fiji.

Credit Corp Fiji Care
Credit Corp Fiji Care
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