Deputy Prime Minister and Minister for Trade Manoa Kamikamica says more projects, valued at $5.5 billion, spanning the construction, pre-development and conceptual phases represent real progress and tangible evidence that investors see Fiji as a nation of opportunity, stability, and growth.
While speaking at the launch of the 2025 Innovation and Entrepreneurship Summit in Vanua Levu, Kamikamica says 195 active investment projects are underway across the country, and out of these, 84 projects are worth more than $1.52 billion.
He says this year’s summit comes at a pivotal time as they need to reimagine the Fijian economy for the future where innovation and entrepreneurship are no longer aspirations but requirements.
The Deputy Prime Minister says Labasa and the greater Northern Division have been underrepresented in conversations, but the North is now emerging as a dynamic, self-reliant, strategic hub.
He says as of this year, there are more than 12 major investment projects either underway or in planning stages in Labasa and surrounding areas, which represent over $120 million in current and proposed capital.
Kamikamica says the Vualiku Hotel and Apartments is currently under construction, a project that will deliver 40 high-quality rooms to boost tourism and business travel in the North.
He says these are not just standalone projects but building blocks for a more resilient, connected, and vibrant economy in the North.
The Minister says all of these developments reinforce a central belief that the Northern Division, and Labasa in particular, is ready to become a regional economic centre and ready to host investors.
He adds Labasa is ready to serve as a model for inclusive development, bringing its benefits to rural communities and urban centres alike.
Kamikamica says these are physical signs of progress, but they are also platforms that can support and grow agribusiness.
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