Mauritius, foreign direct investment (FDI) inflows surged by 27% to 23.1 billion rupees ($503 million) in the nine months leading up to September compared to the previous year. This notable rise was primarily propelled by increased property sales, reflecting the nation’s appeal to international investors.
Real estate transactions dominated the investment landscape, constituting a substantial 69% of total foreign investments. Inflows into the real estate sector witnessed a remarkable 59% increase, reaching 15.85 billion rupees ($350 million). Particularly noteworthy was the robust performance in luxury residential unit sales to foreigners, which saw a notable increase of a third, totaling 10.24 billion rupees, as reported by the Port Louis-based Bank of Mauritius.
Furthermore, investments directed towards accommodation and food services activities saw a remarkable increase, more than doubling to 2.48 billion rupees, according to preliminary data provided by the central bank.
These investment inflows serve to bolster Mauritius’ tourism revenue and enhance exports of manufactured goods, both pivotal sources of foreign currency for the Indian Ocean island nation. Notably, Europe emerged as the primary source of foreign direct investments, with France leading the way.
The surge in foreign investment underscores Mauritius’ attractiveness as an investment destination, particularly in the real estate sector. As the nation continues to diversify its economy and attract foreign capital, such developments are poised to contribute significantly to its economic growth and stability in the foreseeable future.
By: Delino Gayweh
Serrari Financial Analyst
February 12, 2023
Article and News Disclaimer
The information provided on www.serrarigroup.com is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
www.serrarigroup.com is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
In no event will www.serrarigroup.com be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.
The articles, news, and information presented on www.serrarigroup.com reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.
The content on www.serrarigroup.com may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, www.serrarigroup.com takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.
By using www.serrarigroup.com, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website.
www.serrarigroup.com, reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.
Serrari Group 2023
