Mauritius FDIs Soar by 27%, Rs 23.1 Billion

According to data released by the Bank of Mauritius, Foreign Direct Investments (FDIs) were estimated at Rs 23.1 billion for the first nine months of 2023.

This marks a significant 27% increase compared to the same period in 2022, which stood at Rs 18.2 billion.

Notably, the level of FDIs in 2023 also surpasses the pre-COVID level of Rs 14.9 billion by a substantial margin of 55%.

Real estate activities continue to be the main driver behind the influx of FDIs in 2023, accounting for 69% of the total and experiencing a remarkable 59% increase compared to 2022.

Additionally, several sectors have shown steady growth compared to 2022, including energy, financial services, tourism, scientific activities, and ICT.

Significant reinvestments by foreign companies already established in Mauritius have contributed to the increase in FDIs.

With the rise in FDIs recorded during the first nine months of 2023, it is expected that the Rs 27 billion recorded for the entire year of 2022 will be surpassed.

Authorities estimate that the total of direct investments for 2023 should exceed Rs 35 billion.

Source: Le Mauricien