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Saturday, June 17, 2006

Yaqara lease given to two US companies

Two United States companies will jointly invest F$25 million to lease Yaqara Pastoral Company Limited for 10 years. Roll International and Harris Ranch were among nine local and overseas bidders who had initially expressed their interest in the project.

The Ministry of Public Enterprises said the joint venture was determined to create a market brand for Yaqara beef and crops by taking advantage of their existing marketing network both in the USA as well as internationally.

With respect to involving landowners in the venture, the parties have expressed a desire to consider integration as well as collaboration in production. This will include training of farmers and students interested in cattle ranching as well as involve farmers to grown and supply to the joint venture.

Note from GV : Foreign investors wishing to set up business or invest in Fiji can use our company, Gilbert & Samuels Company Limited, to facilitate all necessary licences, permits and approvals required for setting up. Our contacts are : telephone +679 3396427 or e-mail gilbert@connect.com.fj.

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