$25m shopping complex investment
VUVALE Restaurants (Fiji) Ltd, the parent company of McDonald’s Fiji and property developer has announced a $25 million investment of a new retail and supermarket complex in Nadi.
This development will include a new shopping and retail experience for residents of Nadi.
Managing Director of Vuvale Restaurants (Fiji) Ltd Marc McElrath said the company is anticipating completion by the end of 2024.
“This development will bring a new shopping and retail experience for residents in Nadi,” Mr McElrath said in a statement.
“We are very confident with Fiji at the moment, there are a lot of construction currently underway in the country.”
“We are hoping to bring in more new jobs and investments into the country that will hopefully translate into better standards for restaurants and food facilities in the country.”
Investment Fiji chief executive officer (CEO) Kamal Chetty welcomed Vuvale Restaurants’ continued investment in Fiji.
“This project is a significant example of the positive impact local direct investment can have on our economy,” he said.
“Local direct investment creates jobs, boosts economic activity, and contributes to the transfer of knowledge and expertise.
“We will continue to support and assist our investors with any issues that they might face with stakeholders. Their dedication to supporting our economic development is invaluable.”
The new complex is just one of several projects the company has undertaken in recent years. The company is also opening a new McDonald’s outlet in Nakasi and has plans to develop another in Lami with a new distribution center already in construction in Lautoka.