Africa Business Communities

[Mauritius] Real estate and financial services grow foreign direct investment

Real estate, financial services and manufacturing have spurred Mauritius foreign direct investment growth to 69 per cent year on year in the first half of 2016, the equivalent of $222 million according to the Board of Investment.

The agency said investment in real estate totaled $140 million, while financial and insurance activities received $55 million.

"The largest inflows have come from developing economies, mainly from South Africa and China, contrary to previous years where a considerable proportion of FDI flowed in from developed economies," the board said.

The board further added that several major projects, such as smart cities and the African Leadership University, will attract more foreign investment but the statement offered no further details.

Famed for its white sand beaches and luxury spas, the Indian Ocean island nation is diversifying its economy away from sugar, textiles and tourism into offshore banking, business outsourcing, luxury real estate and medical tourism.

www.boimauritius.com

 

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