Mauritius examines 33 projects worth Rs31 billion over next 3 years

Some 33 private investment projects to the tune of some Rs 31 billion, with an implementation timeline spanning over the next three years, were examined on Tuesday by a High-Level Committee on Private Investment Project, led by PM Pravind Jugnauth.

In a statement following the meeting, the Chief Executive of the Economic Development Board (EDB), Ken Poonoosamy, said the projects examined pertained to manufacturing, tourism, real estate, ocean economy and health sectors.

He pointed out that these projects were being implemented with the aim of pursuing the economic recovery of the country.

Momentum

He recalled that out of some Rs 110 billion invested in Mauritius last year, private sector investment accounted for around Rs 88 billion, with an economic growth of 7.9%.

He also stressed the need to maintain this momentum, and underscored the importance for investors to obtain the relevant licence, permit, authorisation or clearance on time so as not to lose money.

Source: GIS Mauritius