As Labasa undergoes a significant transformation, key developments are set to create numerous employment opportunities, enhance local economic activity and provide a boost to surrounding businesses.
Investment Fiji says many projects are nearing completion and are expected to become operational this year, marking a pivotal moment in the region’s economic progress.
Deputy Prime Minister and Minister for Trade, Manoa Kamikamica, says Labasa reflects the surge in investments driven by the Government’s sound and stable economic policies.
He adds these initiatives create a conducive environment for business growth, infrastructure expansion and job creation.
Investment Fiji says prominent businesses leading these developments include a $2.9 million commercial building by Carpenters Properties Pte Ltd, a $3.9 million Courts Mega commercial space, a $6 million double-storey commercial building, and a $2 million double-storey commercial complex.
They say in the tourism sector, major projects reshaping Labasa include a $10 million hotel, restaurant, and bar; a $6.5 million, 40-room Ramada Encore by Wyndham — the first international hotel brand in Labasa; and a $5 million hotel extension.
Investment Fiji says infrastructure developments include a new $8 million terminal for Labasa Airport at Waiqele, a $4.5 million industrial site by Parmod Enterprises PTE Ltd, and Telecom Fiji’s underground optic fibre cable project to enhance connectivity.
Investment Fiji CEO Kamal Chetty emphasized the importance of infrastructure upgrades to support these investments.
Chetty says once these projects commence operations, Labasa will become a hub of activity, improving standards and services for the region.
