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Fiji records increase in investment registrations

May 24, 2013 1:38 am

Investment Fiji has recorded a hundred percent increase in the number of foreign investment projects registered in the country for the 1st quarter of the year compared to last year.

CEO Ravuni Uluilakeba this morning revealed that in the last three months, there were forty one registrations from overseas businesses.

The interests have a $351 million value – an increase of over 80 percent in 2012.

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The 41 projects propose to create employment for 1, 461 people
Interests were registered in the services, manufacturing, wholesale, and
tourism and agriculture sectors.

The interests were mainly from Australia, New Zealand, India, China and the US.

“You will see from these performances some of the key elements. We must thank the government in the support that they have given especially the incentives that came out in the 2013 budget announcement and when you look at policy, when you look at foreign direct investment it’s been very attractive and very welcoming, when they come into the country.”

Over 130 companies from overseas established their businesses in Fiji last year.

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