More investment expected in Vanua Levu

People can expect a lot of development in Vanua Levu as Investment Fiji CEO Kamal Chetty says the North has huge potential in different sectors and there will be more investment once infrastructure has improved.

Chetty says one standout venture is the ongoing development of the multi-million-dollar Nawi Island Marina project in Savusavu, a testament to the growing confidence in the Northern division as an investment destination.

He says Vanua Levu has emerged as a key player in fostering economic development, with a series of notable projects that showcase the region's immense potential.

Chetty says the private sector, recognising the untapped opportunities, has been instrumental in driving positive change.

He says Damodar Group is contributing significantly to the economic landscape with a substantial multi-million-dollar project which includes the development of commercial complexes, cinemas and hotel rooms while the Grand Eastern Hotel is also under refurbishment which, upon completion will have additional 25 rooms.

He says another promising development is the construction of a shopping mall by Rups Investment and as the landscape transforms, this shopping mall is set to become a hub for commercial activities, creating a vibrant centre for local businesses and the community at large.

Chetty further says R.C Manubhai is also playing a pivotal role in the development of Savusavu, undertaking the construction of a new building.

He says other advancements in the Northern Division include the inauguration of a new Bred Bank branch in Labasa, Extra Supermarket injecting $7 million investment into its new outlet while clothing retailer, Meenos is expanding its business to the North.

Chetty says also recently announced was the development of a large shopping complex in Dreketi, a landmark project by the Mataqali Serau for the wider community.

He adds the World Bank's substantial investment of US$200 million in funding for the Vanua Levu Tourism Development project will unlock the vast and untapped potential of Vanua Levu, specifically enhancing its capacity to significantly contribute to and harness the economic opportunities within the tourism sector.