Quantum Fiji Limited has just acquired 6,000 acres of land past Taunovo Bay along Queens Road.
Business adviser for the company Zarin Khan said, “The initial first stage of development which will mainly be infrastructure would be around $100 million.”
The representatives of the company met members of the Fiji Trade and Investment Bureau to discuss how they can progress with their development.
FTIB executive chairman Adrian Sofield said, “Once you get your master plan in place and after its launch next month we will assist you in whatever way you need. FTIB will see that there are not any barriers in regards to the project.”
Khan said the development will consist of hotel, residential lots, medical facilities, golf course, shopping facilities, agricultural developments and much more.
“The site has been chosen as it has very good productive land for agricultural purposes,” he said.
He said there will be some very high technology farms, produce from which will be exported. This has been supported by the China Institute of Technology and other research institutes.
Once the infrastructure is in place other Chinese investors will come on board to invest in separate entities.
Eventually experts from China will be here to oversee the development but later this project will employ around 500 locals.
