IF plans fall into place, 2500 jobs will be created when a second mahogany processing plant is constructed next year.
The chairman and chief executive of Gibson Guitars, Henry Juszkiewic, also reaffirmed the possibility of Fiji producing Gibson musical instruments.
Fiji currently produces Gibson guitar parts at Sustainable Mahogany Industries in Deuba.
While not revealing much about the project, Mr Juszkiewic said it would involve several partners.
He said they were still in discussions with the government on the project, but if the project does go ahead, they would like to complete it by 2013.
"It would be a pretty large building," said Mr Juszkiewic, adding he has confidence in the Fiji economy.
Asked whether Fiji could be producing Gibson musical instruments, he said it was possible as Fiji had a quality workforce.