Prime Minister Honourable Sitiveni Rabuka officially opened the multi-million-dollar Fijian Holdings Limited (FHL) Tower, an investment that showcases resilience, vision, and progress for Fiji and the iTaukei community.
The 18-storey tower, located in the heart of Suva, is Fiji’s first green-certified building, designed with 11 environmentally sustainable features, including an integrated energy system, water harvesting, and smart building management technology.
In delivering his remarks, Prime Minister Rabuka commended the FHL Group for its vision and perseverance in completing the multi-million-dollar project despite challenges such as the COVID-19 pandemic.
“FHL stands today as a strong conglomerate with a proven track record. I must thank those pioneers who have dedicated their lives to building a strong foundation for FHL. The contributions of the first Chairman, the late Mr. Lyle Cupit, and the Deputy Chairman, the late Mr. Laisenia Qarase, stood out," Rabuka said.
“Their legacy will remain with FHL forever. There are others who have helped as former directors and workers of FHL, and we acknowledge their contributions as we stand on their shoulders today. I believe some former directors and employees are with us this morning, including the first CEO, Mr. Sitiveni Weleilakeba," the prime minister added.
Established in 1984 under the resolution of the Bose Levu Vakaturaga, Fijian Holdings Limited was founded to accelerate iTaukei participation in Fiji’s economy.
From humble beginnings, FHL has grown into one of the nation’s largest conglomerates, with investments spanning construction, finance, tourism, manufacturing, and retail.
As of June 2025, the Group’s total assets stand at $917 million, with projections to exceed $1 billion in the next financial year. The Group employs nearly 2,000 Fijians and contributes around $20 million annually in taxes.
Looking ahead, the Prime Minister highlighted FHL’s $200 million investment pipeline over the next three years—including impact investments with landowners through joint ventures that will unlock local resources and stimulate rural enterprise.
“FHL’s future is defined not only by profit but by purpose,” Prime Minister Rabuka said. “The decision to invest directly with landowners marks a new chapter of inclusive growth for Fiji.”
The FHL Tower will house key tenants including the Asian Development Bank, Bred Bank, United Nations Development Programme, International Monetary Fund, and several diplomatic missions, and is expected to be fully tenanted by mid-2026.
“This Tower is not just a monument to what we have built—it is a reminder that progress is imagined, built, and sustained through faith, effort, and leadership,” the Prime Minister concluded.
