Mauritius: Foreign Direct Investments rise by 8,7% in first semester 2014

Published on the

According to the latest figures published by the Board of Investment Mauritius, Foreign Direct Investments have risen by 8,7% for the first semester 2014 compared to the same period last year. In fact, FDI for first semester 2014 accounts for Rs. 5 billion compared to Rs. 4,6 billion for the same period in 2013. Bank of Mauritius shall soon publish its official figures. This relatively good performance is mostly due to purchase by RIU Hotels and Resorts of 3 hotels belonging to Apavou Group.

Moreover, BOI foresees consequent investments during the second semester 2014 due to the coming of Shangri-La Hotels Group into the Mauritian market. Following the agreement between Shangri-La Hotels Group with Sun Resorts Limited for the management of Touessrok Hotel, Rs. 800 million of FDI are expected to be injected in second semester 2014.

Posted by
Dany Gowsee