Mauritius receives FDI of Rs 9.5 billion in 2013
The real estate sector remained an investor favorite, attracting as much as Rs 5.9 billion worth of investment in 2013 while it brought in a staggering Rs 34.8 billion worth of investments to Mauritius from 2007-2013.(Image: Real Estate Mauritius)
Mauritius recorded foreign direct investment (FDI) of Rs 9.5 billion for the 12 months ended 31 December 2013, according to data released by the Bank of Mauritius on March 14, 2014.
It may be noted that Mauritius had attracted a towering Rs 20.4 billion worth of FDI in 2012 and cumulative FDI of Rs 88.4 billion was channeled into the island economy between 2007 and 2013.
In 2013, ‘Real Estate’ remained an investor favorite, attracting as much as Rs 5.9 billion worth of investment, with as much as Rs 4.5 billion coming in under the Integrated Resort Scheme (IRS), Residential Estate Scheme (RES) and Invest Hotel Scheme (IHS). Between 2007 and 2013, this sector has brought in a staggering Rs 34.8 billion worth of investments to Mauritius.
While the financial sector brought in investments of only Rs 716 million in 2013, for the period 2007 to 2013, the financial sector clinches second place with FDI of Rs 22.8 billion.
Another investor favourite, the ‘Accommodation and food service activities’ sector registered an FDI of Rs 10.4 billion between 2007 and 2013, while the ‘construction’ sector attracted investments of Rs 6.8 billion.
Between 2007 and 2013, ‘Agriculture, forestry and fishing’ and ‘manufacturing’ sectors attracted investments of Rs 1.5 billion and Rs 3.5 billion respectively, contributing Rs 678 million and Rs 280 million each to FDI flow for 2013.
The ‘Wholesale and retail trade; repair of motor vehicles and motorcycles’ sector brought in investments of Rs 327 million for the year 2013 and a decent haul of Rs 2.2 billion for the 2007 to 2013 period.
The ‘Information and communication’ sector received Rs 1.1 billion during seven years to 2013, including Rs 60 million for 2013.
Investments in the ‘Electricity, gas, steam and air conditioning supply’ sector have zoomed up to Rs 238 million in 2013, compared to a mere Rs 8 million in 2012.
On the other hand, the ‘education’ sector received investments of Rs 32 million in 2013 and a cumulative Rs 283 million across 2007 to 2013.
By geographical origin, Mauritius recorded investments of Rs 5 billion from developed countries, with Europe and France being the main contributors at Rs 4.8 billion and Rs 2.7 billion respectively.
Developing economies together invested Rs 4.4 billion in 2013 compared to Rs 9.8 billion worth of investments in 2012. Mauritius received investments of Rs 2.0 billion from Africa and Rs 2.3 billion from Asia and Oceania.