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News

Foreign Investment grows

August 7, 2015 1:35 am

Investment Fiji has handed over $269,000 in Foreign Direct Investment Registration Fee to the government.

It covers fees received from January to April 2015.

A total of 108 foreign investments were registered in the first quarter of the year.

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Investment Fiji Chief Executive, Godo Müller-Teut says these will generate about 1,473 new jobs as well as inject $315.4 million worth of investment.

The registrations were primarily in the sectors of Services, Tourism, Wholesale, Retail and Manufacturing.

Potential investors will have access to seamless registering with the implementation of a Single Window Clearance System to be launched soon.

Muller-Teut says reforms at Investment Fiji which will enable the organization to even better promote investment projects of large scale to foreign investors and promote Fijian products to the global arena.

Investment Fiji has so far reimbursed just over $1 million to the government in the last 18 months.

Müller-Teut handed the cheque to Permanent Secretary for Finance, Filimone Waqabaca yesterday.

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