In a strategic move to revitalise its operations, the Fiji Sugar Corporation (FSC) is offering an opportunity for joint venture participation or outright sale of approximately 1000 acres of its land, presenting a lucrative investment prospect for investors.
Minister for Sugar Charan Jeath Singh.
Following discussions between the FSC and the Minister for Multi-Ethnic Affairs & Sugar Industry, Charan Jeath Singh, the corporation has initiated a call for expressions of interest in the commercial utilisation of these surplus acres of land.
Spread across 30 properties located in prime areas such as Lautoka City, Nadi, Sigatoka, Ba, Tavua, Rakiraki, and Labasa, these sought-after pieces of real estate offer immense potential for development in various sectors including hospitality, medical, retirement, and light commercial ventures.
Nitya Reddy, Chairman of the Fiji Sugar Corporation, highlighted the strategic importance of these properties, emphasizing their appeal in terms of flora, fauna, ocean views, and proximity to key tourist destinations and infrastructure.
The initiative aims to attract high-net-worth businesses and individuals both locally and internationally, leveraging platforms such as newspapers, social media, foreign embassies, and trade investment outlets.
With each location holding significant strategic value, this opportunity aligns with the growing demand for investment in Fiji’s tourism sector and promises to generate substantial revenue, employment opportunities, and dividends.
Moreover, the joint venture model ensures that the FSC retains strategic ownership and control of its assets while benefiting from the much-needed capital injection from prospective investors. This divestment represents the largest single opportunity in Fiji’s history and is poised to address the corporation’s financial challenges stemming from years of losses and accumulated debts.
Mr. Reddy emphasised the commitment to transparency, accountability, and probity throughout the entire process, with the government, as the sole owner, having the final say in decision-making.
For investors seeking promising avenues for investment in the Pacific region, the Fiji Sugar Corporation’s land utilisation initiative presents a compelling opportunity to capitalise on the country’s growth potential and contribute to its economic development.
