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Monday, May 07, 2007

Dubai and UAE investors interested in Fiji

Investors from Dubai and the United Arab Emirates (UAE) are interested in Fiji. One company is keen on setting up direct travel services to Fiji. Investors from Dubai and the UAE are interested in a whole range of areas for investment, particularly tourism related services.

The Interim Minister for Tourism says that an increase in foreign investment in Fiji would also be hinged on having tax laws and processes that were conducive to attracting investors, referring to problems that were faced by the hotel developers at Momi Bay recently where the Interim Prime Minister had to intervene to enable the project to continue after it had come to a halt when the hotel developers and the Fiji tax authorities had a disagreement with regard to having tax charged upfront for land sales at the hotel site.

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