Fiji is making significant strides in enhancing its economic framework through a comprehensive portfolio of 212 investment projects with a combined value of approximately $6.2 billion. Finance Minister Esrom Immanuel presented these developments to Parliament, highlighting that six major projects worth $1.67 billion are currently underway. Additionally, 73 projects totaling $2.3 billion are in the pre-development phase, while another 53 projects, with an estimated value of $2.2 billion, are still in the planning stage.
These initiatives encompass 14 vital sectors, including tourism, manufacturing, information and communication technology (ICT), energy, agriculture, transport, health, and education. Minister Immanuel pointed out that these investments are poised to significantly benefit Fijian workers, especially Micro, Small, and Medium Enterprises (MSMEs), which play a pivotal role in the country’s economic landscape. He emphasized the government’s commitment to education and skills development, asserting that a skilled workforce will be critical to seizing the job opportunities arising from these investments.
In a bid to enhance skill development in key sectors, the government plans to increase the number of Technical and Vocational Education and Training (TVET) scholarships from 2,780 to 4,500. This initiative aims to equip Fijians with the essential skills needed in areas such as construction, tourism, ICT, renewable energy, and manufacturing. Moreover, the Macro Qualification Grant initiative is set to offer 3,000 awards to school dropouts and unemployed youth, thereby increasing access to short training programs.
Addressing concerns raised by Opposition MP Premila Kumar about the proportion of local versus foreign investment in these projects, Minister Immanuel assured that more data would be provided, offering insights into the interest from foreign investors in Fiji’s expanding market.
Deputy Prime Minister Manoa Kamikamica echoed the positive sentiment surrounding Fiji’s investment climate, noting that improvements in the ease of doing business—exemplified by the upcoming “BusinessNOW Fiji” digital platform—would further boost investor confidence and streamline project approval processes. This new platform aims to consolidate various government services, making it easier for investors to navigate necessary procedures.
The anticipation of heightened investment, driven by strategic government actions and an optimistic GDP growth outlook, points to a promising future for Fiji’s economy. This ongoing dedication to creating a conducive environment for both local and foreign investments lays the groundwork for robust economic growth and workforce development in the nation.