The newly inaugurated Fijian Holdings Limited (FHL) Tower in Suva is a testament to the strength of indigenous entrepreneurship and a renewed commitment to enhancing iTaukei participation in Fiji’s economic landscape. During the opening ceremony officiated by Prime Minister Sitiveni Rabuka, he emphasized that the 18-storey structure symbolizes more than just architectural excellence; it reflects over 40 years of vision geared towards making iTaukei individuals key players as owners, investors, and leaders in the national economy.
“This Tower is a testament to what can be achieved through clear vision, courage, and determination. It represents our resilience, faith, and the limitless potential of our people,” Rabuka stated, acknowledging FHL’s endeavors to navigate challenges, including those presented by the COVID-19 pandemic.
The FHL Tower is seen as not just a physical structure but as an embodiment of the Fijian spirit—resilient and hopeful for the future. Founded in 1984 under the Bose Levu Vakaturaga’s initiative, FHL has transformed from a modest capital of $1.145 million to a conglomerate valued at $917 million. Today, it employs nearly 2,000 Fijians across various sectors such as finance, manufacturing, tourism, and real estate, thereby making significant contributions to the national economy.
FHL Board Chairman Rokoseru Nabalarua described the Tower as “a beacon of hope” for iTaukei entrepreneurs, crediting the foundational work of early leaders who paved the way for the company’s current successes. The design of the Tower incorporates 11 green features and aims to become Fiji’s first certified green building, attracting both local and international tenants including significant organizations like the Asian Development Bank and the United Nations Development Programme. Full occupancy is projected by mid-2026.
Moreover, FHL has unveiled plans for ambitious investments totaling $200 million over the next three years, which will include expansions in financial services, upgrades to the Lami cement mill, and partnerships with landowners for commercial development projects.
This construction milestone comes alongside FHL’s broader strategies that are designed to empower iTaukei communities, as noted in previous reports highlighting their substantial property portfolio valued at $183 million and ongoing initiatives to boost indigenous economic participation through various joint ventures. Through a strong focus on sustainable development and community engagement, FHL is firmly positioned to contribute to a prosperous economic future for all Fijians, reinforcing its role as a vital player in fostering growth within the region’s economy.