4 Sep 2003

Fiji claims US$600 million in investment commitment

4:23 pm on 4 September 2003

The Fiji Trade and Investment Board says it has registered more than 600 million US dollars worth of investment projects.

And the board's chief executive Lailun Khan says nearly 290 million dollars of investment is projected for this year alone.

She says of this amount, the government is putting in about 120 million US dollars and state owned public enterprises another 80 million.

Only the balance of 90 million is from the private sector.

Ms Khan says the total is still 260 million dollars short of the government's investment target of 55 million US.

But she says fundamentals of the economy are relatively strong and investor confidence is bouncing back.