Highest number of foreign investment recorded in May

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Investment Fiji acting general manager Ritesh Gosai. Picture: SUPPLIED

THE month of May recorded the highest number of foreign investment registration certifications (FIRCs) by Investment Fiji.

A statement from the national investment arm noted that the services, wholesale and retail, tourism, agriculture & forestry and manufacturing sectors continued to attract large number of investors in the country.

Investment Fiji also handed over a total of $162,500 in FIRC) fees to the Ministry of Economy, collected from May to July this year.

Investment Fiji acting general manager Ritesh Gosai said a total of 65 FIRC applications were received during this period.

“In terms of the number of projects registered, a total of 21 registrations were received for the services sector followed by 12 for wholesale & retail, nine for tourism, six for agriculture and forestry and five for manufacturing being prominent sector registrations,” Mr Gosai said.

Mr Gosai said the number of FIRC applications received was an indication of strong investor confidence in the Fijian economy.

“With the Fijian economy poised for continued growth, more investors are exploring opportunities to invest in Fiji,” he said.

Fijis Ministry of Economy permanent secretary Makereta Konrote noted Investment Fiji’s efforts in attracting the foreign direct investments in the country, and encouraged the agency to continue to work collaboratively with investors.