Fiji Investment Corporation Limited has invested F$8.2 million in its five joint ventures with private sector companies in the tourism, agriculture and fisheries industries.
The corporation said it achieved a return of about 33% on its portfolio of investments in 2005. These were in the form of dividends, interest, income and capital gains.
The capital gain arose mainly as a result of the sale of the Grand Pacific Hotel property amounting to over F$3 million.
In line with Government's Look North Policy, the Corporation has invested into a joint venture with Kilowen (Fiji) Limited and Kontiki Growth Fund, to construct the Savusavu Harbourside complex's first stage. The stage involves the construction of a two storey complex which would house 14 luxury split level apartments on the top level, with professional offices and retail shops on the ground floor.
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