PM commends local company

Chairman of SUN Insurance Padam Raj Lala with Prime Minister Voreqe Bainimarama after the opening of the Sun Insurance Centre at Leqaleqa, Nadi. Picture: BALJEET SINGH

The new Sun Insurance Centre was opened in Legalega, Nadi, over the weekend to the tune of $15 million.

The commercial property owned by Sun Insurance was opened by Prime Minister Voreqe Bainimarama who commended the locally grown company for its innovation and commitment to growing Fiji’s economy.

“I know that the significance of this moment is not lost on any of us,” he said. “One year ago, Fiji was in the throes of a once-in-a-century global pandemic.

“COVID-19 was ravaging our health system, entire towns and cities were being locked down and families were being kept apart from each other because of necessary quarantining.

“With our border shut to the outside world, our tourism industry collapsed virtually overnight, driving thousands into unemployment and effectively dealing us our hardest economic blow in recorded history.”

He said projects such as the Sun Insurance Centre were a testament to Fiji’s economy recovering after a challenging two years.

“As we see construction and development projects spring back to life, I am happy to witness a Fijian-owned company opening this beautiful building today.

“A $15m project that serves as a concrete testament to the market confidence of our local business community.

“I am told that a twin building is being developed just next door, so by mid-2024, the construction phase of the Legalega twin towers will have provided employment for a total of 350 Fijians and simultaneously pumped millions of dollars into our local economy.

“Our target is to maintain total investments at 25 per cent of the gross domestic product. “In addition, we are focused on increasing private sector investments to over 15 per cent of GDP by 2036.”

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