Investor confidence in Fiji is robust, but careful management of associated risks is crucial to maintain this positive momentum, according to Investment Fiji CEO Kamal Chetty. Speaking at the Nadi Chamber of Commerce Christmas Cocktail event, Chetty reported a notable 13 percent increase in investor engagement compared to the previous year, with Investment Fiji connecting with 100 to 120 investors monthly across 52 countries, up from 44.
In addition to a surge in investor interest, business registrations in Fiji have climbed by 16 percent, indicating a strong commitment from both local and foreign investors. High-profile global companies, including Google and a UAE sovereign fund, are currently investing in Fiji, while firms like Honeywell and Atkins Spence are actively exploring new opportunities and recruitment efforts.
Chetty highlighted that projects overseen by Investment Fiji have expanded from 189 to 224, encompassing diverse sectors such as real estate, agriculture, business process outsourcing (BPO), and tourism. Key upcoming developments include the One&Only resort in Esau, an agriculture initiative by Atkins Group, and the Koro project in Suva, which is anticipated to create 18,000 jobs.
The support from institutional investors further underlines Fiji’s growth potential, with the Fiji National Provident Fund (FNPF) managing a $12 billion portfolio and BSP Life overseeing $1 billion. Furthermore, public sector projects spearheaded by organizations like Fiji Airports, Energy Fiji Limited, and the Water Authority are reinforcing confidence in Fiji’s economic landscape.
Chetty emphasized the importance of ongoing collaboration among government bodies, investors, and institutions as a fundamental element in ensuring sustained economic growth for Fiji. With increased investments and development projects on the horizon, Fiji’s economic outlook appears promising, reflecting a bright future for its business environment.