IQRA Group Limited director Imam Buksh (sitting) with his wife Noorun Buksh, Bobby Khan (third from right) and Malaysian investors in Nadi yesterday. Photo: Sheik Dean
NADI
Government’s attractive investment policies and a supporting push from a fellow back-home Fijian businessman, has prompted Imam Buksh to invest into a $40 million resort project.
Mr Buksh started a construction and development company known as IQ Property Development Limited in Australia 40 years and now intends to expand his reach to back home in Fiji.
The development is located on Nacovi island just off Sonaisali Island.
“Construction…on the first stage kicked off today (yesterday) billed at $10 million and going up to $40 million when the project finishes proper in two years,” Mr Buksh said.
While he has yet to give a name for the resort, Mr Buksh said a lot of employment opportunities will come out of it.
He added, the investment was made possible through Government’s dual citizenship policy, the political stability and robust economic growth.
“Close to 300 employment opportunities will be created with construction works headed by Western Homes Limited.
“I have confidence in the Bainimarama Government and it is doing very well.”
He said Government has a fair deal to every individual and investors.
Area
The resort will cover 40 acres of crown land on Nacovi Island.
Registered under the IQRA Group Limited in Fiji, the first stage will see a tourism resort before heading to the second stage of a Health and Spa Resort.
And added to this, Mr Buksh also intends to have a water sports park of international standards and a marina.
“I have investors from Malaysia and they have inspected the resort site and plans are underway to have water sports activities of international standard,” Mr Buksh said.
“I have been out of this country for 40 years. I love Fiji and it is time to give back and share our expertise and experience to do business in Fiji.
Western Homes director, Bobby Khan said under the current Government, a number of investments had been seen.
“Mr Buksh supports the Bainimarama Government. He has a number of investors, who are waiting to invest once this project is completed,” he added.
Mr Khan further added a total of four resorts will be constructed in Nacovi opposite Sonaisali Island in the next three years.
Meanwhile, an upcoming resort, Resort Relax Fiji by Mr Khan is reaching its final stages and is set to open its doors in February 2015.
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