The grand opening of the Fijian Holdings Limited (FHL) Tower in Suva marks a significant milestone in promoting indigenous entrepreneurship and enhancing iTaukei involvement in Fiji’s economy. Prime Minister Sitiveni Rabuka officiated the ceremony, highlighting that this impressive 18-storey structure represents not only architectural achievement but also over four decades of vision that aims to position iTaukei individuals as vital owners, investors, and leaders in the nation’s economic landscape.
“This Tower is a testament to what can be achieved through clear vision, courage, and determination. It embodies our resilience, faith, and the limitless potential of our people,” Rabuka remarked, recognizing FHL’s ability to overcome challenges, including those posed by the COVID-19 pandemic.
More than just a building, the FHL Tower symbolizes the indomitable Fijian spirit, signifying hope for a brighter future. Established in 1984 through the initiative of the Bose Levu Vakaturaga, FHL has evolved from a modest capital of $1.145 million to a vast conglomerate valued at an impressive $917 million. With nearly 2,000 employees across sectors such as finance, manufacturing, tourism, and real estate, FHL significantly boosts the national economy.
FHL Board Chairman Rokoseru Nabalarua referred to the Tower as “a beacon of hope” for iTaukei entrepreneurs, acknowledging the foundational efforts of early leaders who cleared the path for the company’s current achievements. Designed with 11 green features, the Tower aims to become Fiji’s first certified green building, attracting local and international tenants, including major organizations like the Asian Development Bank and the United Nations Development Programme, with full occupancy expected by mid-2026.
In addition to the Tower’s unveiling, FHL is planning significant investments amounting to $200 million over the next three years. These initiatives will focus on expanding financial services, upgrading the Lami cement mill, and forming partnerships with landowners for commercial development projects.
The progress represented by the FHL Tower aligns with broader strategies aimed at empowering iTaukei communities, building on previous reports that showcased FHL’s substantial property portfolio worth $183 million and its ongoing efforts to enhance indigenous economic participation through various joint ventures. With a strong commitment to sustainable development and community engagement, FHL is well-positioned to contribute to a prosperous economic future for all Fijians, reinforcing its role as a key player in the region’s economic growth.