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Gross direct investment hit Rs8billion in first nine months of 2021

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Gross direct investment hit Rs8billion in first nine months of 2021
The IRS/RES/IHS/PDS/SCS1 schemes generated Rs3.788 billion.

Gross direct investment flows in Mauritius have been estimated at Rs8.475 billion for the first nine months of 2021 compared to Rs10.655 billion for the same corresponding period of 2020, according to the Bank of Mauritius.

In a report just issued by its Economic Analysis & Research and Statistics Department,the Bank of Mauritius said the ‘Real estate activities’ sector accounted for 65% of the total gross direct investment for the period under review, of which an amount of Rs3.788 billion was received under IRS/RES/IHS/PDS/SCS1.

The ‘Accommodation and food service activities’ sector received inflows amounting to Rs944 million in the first three quarters of 2021.

Gross direct investment flows emanating from Europe totalled Rs3.838 billion, representing 45% of the total.

Gross direct investment flows abroad have been estimated at Rs1.153 billion for the first nine months of 2021 compared to Rs2.117 billion recorded in the corresponding period in 2020.

These outflows were mainly directed to the ‘Real estate activities’ and ‘Manufacturing’ sectors.

Direct investment flows to the Asian continent totalled Rs307 million in the first three quarters of 2021, while those to Europe amounted to Rs260 million.

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.