Investment brings in more than 284 million U.S. dollars in Fiji's 2018/2019 financial year

Source: Xinhua| 2019-06-07 19:43:03|Editor: xuxin
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SUVA, June 7 (Xinhua) -- Direct foreign and local investments have generated 613 million Fijian dollars ( about 284.5 million U.S. dollars) for Fiji's economy from August 2018 to May 2019.

Announcing this on Friday, Fiji's Minister for Industry,Trade and Tourism Premila Kumar said that 87 projects were set up by foreign investors while 47 others were set up by local investors.

She said that the two areas where most of the investments were carried out are the service sector including travel agencies, hotel sectors, hair and beauty salon as well as the wholesale and retail sectors.

It is encouraging to see local and foreign investors have confidence in the Fijian economy and is hopeful the stable policies will continue to attract more investors, she said.

She also said recently that a total of 277 Chinese investment projects in Fiji were successfully implemented worth about 2.36 billion Fijian dollars (about 1.09 billion U.S. dollars) over the last five years.