Fiji’s construction sector is witnessing remarkable growth, according to Minister for Local Government Maciu Nalusima, who recently announced that building approvals processed in 2024 have reached a potential investment of $701.3 million. This substantial figure underscores the strong confidence that investors have in the Fijian economy.
In a detailed statement, Mr. Nalusima shared that the Department of Town and Country Planning (DTCP) received 835 building applications in the previous year, with 759 being processed and 635 ultimately securing approvals. He emphasized that these numbers represent more than just data; they reflect tangible benefits including job creation, housing, essential services, and overall economic advancement.
The approvals showcase vibrant activity across Fiji’s various regions. In the Central Division, 402 applications were submitted, yielding 269 approvals valued at $268.6 million. The Western Division saw 231 applications, with 195 approvals amounting to $319.6 million, while the Northern Division had 202 applications that led to 171 approvals totaling $113.2 million.
Mr. Nalusima also indicated that 83 late applications are set to be processed in 2025, further signaling continuous enthusiasm for development. Last year, municipal councils issued 338 building completion certificates, reflecting completed projects worth $131 million.
These developments are already making a significant impact on local communities by fostering employment, supporting industries such as tourism and construction, and stimulating local economies. The minister pointed out the growing interest in commercial, industrial, and tourism-related projects, which are crucial for aiding Fiji’s recovery from the pandemic and ensuring sustainable long-term growth.
Analysts have recently noted a positive economic outlook for Fiji, with projections indicating a potential growth rate of 3.4 percent in the forthcoming years, largely driven by the private sector. This anticipated growth is expected to increase job opportunities and elevate household spending power, contributing to a brighter economic future for Fiji.
The optimistic indicators in the construction sector suggest not only a recovery from past challenges but also a roadmap towards sustainable development that will enhance the standard of living for residents. As Fiji navigates its post-pandemic recovery, these strategic investments are central to shaping a promising future for the nation.