$2.6m allocation

Fiji Times Tuesday 04 July 2017  THE $2.6 million budgetary allocation for Investment Fiji would be used to strengthen the monitoring of both local and foreign investment projects in the country and improve its database to track investor registration and actual physical implementation of investment projects on the ground.

Attorney-General and Minister for Economy Aiyaz Sayed-Khaiyum had made the announcement of the allocation in his 2017/2018 National Budget address last week.

According to the 2017/2018 Budget Supplement over the period of 2013 to 2016 foreign investment registrations in Fiji increased from 257 to 368 registrations.

It said concurrently, the value of investments during this period increased from about $1.1 billion to $1.6b, a 45 per cent increase with the investments expected to create an additional 17,093 new jobs.

Statistics provided by the Ministry of Economy in the budget supplement showed that there was a notable increase in investment registrations in 2015 and 2016 compared with 2013 and 2014.  Read more…