Foreign investors fuel real estate FDI into Mauritius

Admin February 17, 2025

The Bank of Mauritius has published updated estimates for FDI into Mauritius covering the first three quarters of 2024, which stands at Rs 24.8 billion and shows a positive increase compared to Rs 23.1 billion for the corresponding period in 2023.

Notably, the real estate sector attracted significant investment, reaching Rs 17.3 billion for the first three quarters of 2024, surpassing the Rs 15.8 billion recorded over the same period in 2023. From this, luxury investment schemes such as IRS/RES/PDS/Smart Cities recorded Rs 12.8 billion in investment - showing an increase of Rs 2 billion compared to the previous year.

The accommodation and hospitality sector experienced a sharp decline in foreign investment, plummeting from Rs 2.4 billion in 2023 to just Rs 1.2 billion in 2024 (although annual tourist figures to Mauritius remained strong at 1.3 million annually). This downturn could reflect shifting investor priorities, with real estate outshining traditional tourism-related projects. The construction sector showed modest improvement, with FDI increasing from Rs 8 million to Rs 20 million. While this FDI growth is relatively minor, it is to be noted the domestic construction sector is extremely active with domestic conglomerates and growing rapidly in accordance with infrastructure projects and domestic real estate projects.

Source: https://edbmauritius.org/newsroom/inward-fdi-2024

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