FDI to Mauritius dropping, real estate saves the day

Foreign Direct Investment (FDI) is falling: the country attracted Rs15.4 billion in 2021 against Rs 16.9 billion in 2020.

According to latest Bank of Mauritius figures, Real estate attracted investments of Rs 8.37 billion.

Of this amount, Rs 5.9 billion came from the Integrated Resort Scheme (IRS), Real Estate Scheme (RES), Invest Hotel Scheme (IHS) and Property Development Scheme (PDS) projects.

The financial sector reportedly generated Rs 1.8billion while tourism attracted Rs 958 million in investment.