In a significant development, π΄πππππππ πΊππππ of the village of Nabiti, Dreketi in Macuata, Vanua Levu, is set to break ground on the construction of a large shopping complex in Dreketi. The project is a testament to the success and resilience of the indigenous landowning unit, which has made remarkable strides in business and investment in the country.
Mataqali Serau's journey into business ownership is facilitated through its holding company, Serau Holdings Ltd. Turaga ni Mataqali, Mr. Sikeli Waisega, shared that the past seven years have been filled with challenges, but the experience has also been a valuable learning curve for the community. They have gained insights into effective business management, explored various investment options, and focused on strategic expansion.
One of their other significant milestones achieved by Mataqali Serau is their recent recognition as the top landowning unit (LOU) in the top 10 shareholders list of Fijian Holdings Ltd (FHL). This accomplishment, attained towards the end of last year, is a historic feat as Mataqali Serau became the first LOU to secure this prominent position within FHL.
Mr. Waisega expressed pride in this achievement, highlighting the determination and thirst for success exhibited by Mataqali Serau. "We have faced challenges, but they have only strengthened our resolve to contribute meaningfully to our community's economic development," he stated.
The upcoming shopping complex in Dreketi is poised to be a landmark project for Mataqali Serau and the broader community. The initiative not only represents a significant investment but also demonstrates the LOU’s dedication to creating sustainable economic opportunities for its members.
The construction of the shopping complex is also expected to generate employment opportunities and stimulate economic growth in the Dreketi. Mataqali Serau is now actively engaging with local contractors and businesses to ensure that the project comes into full operation.