Surge in FDI, with Real Estate Sector Topping at Rs 8.7 Billion

Foreign Direct Investment (FDI) has increased in Mauritius, reaching Rs 13.5 billion in the first half of 2023, up from Rs 10.1 billion for the same period in 2022.

The real estate sector remained the top performer, accounting for Rs 8.7 billion, or over 60% of the total FDI for the period.

The hospitality sector follows in second place with Rs 1.6 billion of investment.

Europe remained the dominant market, representing Rs 7.2 billion for the first half of 2023, while France and South Africa remain the two main markets. 

According to the National Accounts report by Statistics Mauritius, private investment is expected to grow by 14.5% in 2023 compared to 9.6% in 2022, while public investment is expected to increase by 40.9% in 2023.

Interestingly, the construction sector is expected to experience growth of 28.6% this year, with private investments up by 21.7% and public investments in construction increasing by 48.9%.

Therefore, both local and foreign private investments are primarily focused on construction and real estate, as well as public investment.

Source: l’Express