FNPF contributes massively towards hotel and tourism sector
April 15, 2019 5:12 pm
The Fiji National Provident Fund’s investment portfolio grew from $5.8 billion in 2017 to $6.6 billion in 2018.
FNPF’s General Manager Member Services, Alipate Waqairawai says the fund has contributed massively into the hotel and tourism sector.
Waqairawai says with tourism as the backbone of the country – this investment will enhance the returns to its members.
The tourism industry we now fully own the GPH hotel which is 100 percent. The hotel next to it which is holiday inn and then in Coral Coast the Natadola is also owned by FNPF
He adds they have acquired 3 iconic tourism properties – which are Westin Fiji Resort, Sheraton Fiji Resort and Denarau Golf and Racquet Club along with its surrounding land.
He adds the acquisition brought the number of hotels in the FNPF portfolio to 6 and golf courses to 2.