Mauritius captured Rs 40.39 billion in foreign direct investment between January and September 2025, according to Bank of Mauritius data. This figure marks a 62.8 per cent increase compared to Rs 24.81 billion recorded during the same period in 2024.
Foreign Investments Surge Strongly
The first nine months of 2025 have already surpassed the full-year total for 2024, which stood at Rs 32.9 billion. This performance raises an important question: will 2025 match or even exceed the peaks reached in 2022 and 2023, when the island attracted Rs 43.4 billion and Rs 37 billion respectively?
During the first half of 2025, FDI inflows totalled Rs 15.6 billion. Second-half figures are currently being compiled and will measure the final trajectory for the year.
Major Sectoral Shift
Between January and September 2025, financial and insurance activities attracted approximately Rs 18.5 billion, compared to Rs 15.65 billion for real estate, reversing the hierarchy observed in 2024. This evolution marks a significant change.
In 2024, real estate dominated with Rs 23.95 billion, representing nearly three quarters of total flows. Real estate including Integrated Resort Scheme, Real Estate Scheme and Property Development Scheme had confirmed a structural trend observed over several years.
The FDI stock channelled into these programmes is estimated at over Rs 150 billion since 2006. This capital injection proves vital for developing integrated "Live-Work-Play" ecosystems, particularly in urban nodes such as Ebene and Medine Group's Cascavelle extensions.
Europe Remains Dominant
Geographically, developed countries remain the main investors. Over the first three quarters of 2024, Mauritius recorded approximately Rs 24.8 billion in FDI, with a majority sourced from European countries, which contributed close to Rs 9.9 billion in the first half alone. Luxembourg, France and the United Kingdom rank among the major sources.
Outlook for 2025
Mauritius's ability to maintain this momentum during the second half will be decisive in establishing a new annual record. Upcoming editions of the Bank of Mauritius monthly bulletin will provide complete data.
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