Goldman Sachs to possibly invest in Fijian hardwood and infrastructure sectors

Goldman Sachs to possibly invest in Fijian hardwood and infrastructure sectors
Photo:Fiji Government

Fiji could see an investment from leading global investment bank Goldman Sachs into its hardwood industries and infrastructure development following a meeting between Prime Minister Sitiveni Rabuka and the bank’s senior executives.

Rabuka had the meeting on the margins of the 61st session of the Munich Security Conference in Germany which focused on how much they can do with developing countries in the world.

He says there are possibilities for them to invest in the infrastructure development they have been considering, as well as in some Fijian industries that have not been functioning properly for the past 20 or so years.

Rabuka says they will likely be able to invest in and assist these industries, particularly in the hardwood, pine, and infrastructure sectors, including airports, seaports, and shipbuilding.

He says those are the areas where we can reignite the concept of Public-Private Partnerships for infrastructure development investment.

Rabuka further says the conference has been great as they have been spoken about the important issue of security in the region and the world.

He says they also heard a talk from Ukrainian President Volodymyr Zelenskyy about their fight against a very formidable enemy.

He says some of our soldiers in the British Army have also been involved in the training of the replacement who go up to the frontline.

Rabuka says he saw them training and being trained.

The Prime Minister had visited Fijian soldiers in the British Army in June last year where he met with some of the Fijian soldiers delivering training to the Armed Forces of Ukraine, on Op INTERFLEX.

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