Major development projects are in the construction phase and likely to be operational in a few years.
About 27 projects valued at $1billion are under construction, and these include shopping malls, hotels, restaurants, and supermarkets, says Investment Fiji CEO Kamal Chetty.
Addressing the shortage of rooms in the tourism industry, Mr Chetty said to facilitate this, there’s an ongoing hotel development project with 1700 rooms under construction and 5000 rooms in the pipeline for the next five to six years.
A number of hotel projects are ongoing.
These include the Hotel Hilton Garden Inn, Sofitel Fiji Resort, Westin Fiji, Crowne Plaza Resort, Wananavu Beach Resort, and one each in Sigatoka and Yasawa.
Mr Chetty said developments on Viti Levu, Vanua Levu had potential as well.
With the recent investment from the Damodar Group, a huge impact on the retail space, plans were in place for prospective hotels near the Damodar Complex, the ongoing development of Nawi Island marina project, and the extension of the Grand Eastern Hotel.
“We haven’t seen these many developments (on Vanua Levu), so in the future, there will be more investments once we improve investment infrastructure challenges,” he said.
