In a significant economic uptick, Mauritius has experienced a notable surge in foreign direct investment (FDI) inflows, reaching 23.1 billion rupees ($503 million) in the first nine months of the year. This represents a substantial 27% increase from the previous year, driven predominantly by the flourishing luxury property sector.
A staggering 69% of total FDI inflows were attributed to real estate activities, with investments soaring by 59% year-on-year to reach 15.85 billion rupees. This surge underscores the robust demand and investor confidence in Mauritius’ real estate market.
Sales of luxury residential units to foreign buyers saw a remarkable one-third increase, amounting to 10.24 billion rupees. This surge highlights the attractiveness of Mauritius’ high-end property offerings to discerning investors.
Investments in accommodation and food service activities more than doubled, reaching 2.48 billion rupees. This significant growth signals a positive outlook for the tourism sector, further enhancing Mauritius’ reputation as a premier tourist destination.
Europe emerged as the primary source of FDI, with France leading the pack. The influx of investments from Europe underscores Mauritius’ appeal as an attractive destination for foreign investors seeking lucrative opportunities.
The surge in FDI inflows signifies Mauritius’ growing attractiveness as an investment hub, particularly in the luxury property market. These investments not only contribute to economic growth but also bolster tourism revenue and support the export of manufactured goods, reinforcing the country’s position on the global stage.
As Mauritius continues to attract investments, it underscores the importance of maintaining a conducive business environment to sustain this positive momentum. The thriving luxury property sector serves as a catalyst for economic expansion and diversification, positioning Mauritius as a key player in the global investment landscape.