Foreign investment rises in Fiji
Fiji’s investment promotion agency Investment Fiji says the country has received some 152 foreign investment project proposals between January and July this year valued at $1.3billion. <!--more-->If they all go on stream, they are expected to generate 4921 jobs, reports the Fiji Times.
That number of proposals translates to a 6 per cent growth when compared with last year’s performance of the number of foreign projects received. Investment Fiji executive chairman Bradley Truman said the key sectors in which foreign investment projects were received were focused in services, tourism, manufacturing, wholesale and retail and agriculture, according to the newspaper.
“The initiative and support by government on the budget allocation on the year before enables us to be very proactive and encourage investment into Foreign Direct Investment this year,” he was reported as saying.
As endorsed by Investment Fiji board in July, he said Investment Fiji envisaged improving the registration and implementation of foreign projects. The key focus of Investment Fiji would include the review of the reserved and restricted activities in consultation with major stakeholders.
Finance Ministry permanent secretary Filimone Waqabaca said the government had agreed to continue to increase its investment in Investment Fiji.