BSP Life to invest in three new hotels, boosting Fiji's tourism sector

BSP Life is set to significantly boost Fiji's tourism sector with an investment in three new hotels over the next six months. This expansion marks a deepening of the company's involvement in the industry and is expected to generate substantial benefits for the local economy.

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As we pursue the objective of the National Development Plan, institutions such as BSP Life will remain indispensable partners in our nation’s progress.

Prime Minister Sitiveni Rabuka announced the developments at BSP Life's 150th anniversary celebration, emphasizing that these projects will not only strengthen Fiji's tourism infrastructure but also create valuable opportunities for local communities. He highlighted BSP Life's dedication to long-term investment in the nation, noting that the new hotels, developed through the Yavu Collective partnership with Fiji Airways, will complement existing tourism assets on Denarau Island.

Rabuka also revealed future plans for a luxury property on Nacula Island in Savusavu, a project slated for completion by 2029 in collaboration with Dubai-based Qatari International. These investments are anticipated to drive job creation, stimulate economic growth, and yield greater returns for BSP Life's policyholders. The Prime Minister pointed out that BSP Life's investment portfolio is approaching $2 billion, positioning it as one of Fiji's most significant institutional investors.

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Through the prudent stewardship of capital and continued investment in productive sectors, BSP Life is not nly honoring its commitment to its customers, but also supporting employment, stimulating economic activity, and strengthening Fiji’s standing as an attractive destination for investment.

BSP Life continues to play a vital role in supporting financial security, encouraging savings, and bolstering Fiji's economy. The government affirmed its commitment to collaborating with institutions like BSP Life to foster national development and build a more resilient economy. Congratulating the company on its 150 years of service, Rabuka acknowledged its substantial contribution to Fiji's progress.

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BSP Life’s commitment moving forward is to continue earning trust, putting customers first and investing in Fiji and the Pacific.