The Economic Development Board (EDB) of Mauritius has disclosed a comprehensive portfolio of 523 investment projects, amounting to Rs 649.7 billion. According to the data released in September, these projects have the potential to create 7,793 new jobs, in addition to the 18,552 already generated. The information was made public through a parliamentary submission by the Prime Minister's Office, following a question from Joanna Bérenger, MP for the Front Militant Progressiste.
A breakdown of the project data reveals significant variations across different economic sectors in terms of employment generation and future creation. Currently, 18,552 jobs have been created, with 7,793 posts remaining to be filled. The EDB's records show that Rs 138.9 billion have already been effectively invested, while Rs 12.2 billion remain in the planning phase. The majority of the projects, 512 out of 523, are active, with 486 projects on track, 26 delayed, and 11 cancelled or pending.
The investment landscape in Mauritius is characterized by a diverse distribution of funds across various sectors. The top 5 sectors ranked by project value comprise Mixed-Use/Smart City, Real Estate, Hospitality/Tourism, Renewable Energy, and Healthcare & Life Sciences. These sectors have attracted significant investments, with Mixed-Use/Smart City projects leading the way at Rs 370.7 billion, spanning 124 projects. Real Estate projects follow closely, with a total value of Rs 183.6 billion across 165 projects.
Foreign Direct Investment (FDI) plays a crucial role in Mauritius' economic development, with a total of Rs 156.7 billion invested across various sectors. The top 5 sectors in terms of FDI are Real Estate, Mixed-Use/Smart City, Hospitality/Tourism, Renewable Energy, and Manufacturing. Local bank financing also features prominently, with the top 5 sectors receiving Rs 14.3 billion, Rs 6.2 billion, Rs 6.0 billion, Rs 1.5 billion, and Rs 1.1 billion, respectively.
The EDB's data highlights the significant contribution of various funding sources to the investment portfolio. Actually invested funds amount to Rs 138.9 billion, while Rs 127.2 billion are in the planning phase. Local investment, excluding citizens, stands at Rs 30.6 billion. The document, formally deposited in Parliament's library, provides valuable insights into the country's economic development and investment climate.
The parliamentary submission and subsequent release of the EDB's data demonstrate the government's commitment to transparency and accountability. The information is expected to inform policy decisions and guide future investments in key sectors. As Mauritius continues to navigate its economic development, the EDB's data will remain a crucial resource for stakeholders and investors.
Key sectors, including Mixed-Use/Smart City and Real Estate, are driving investment and job creation in Mauritius. With 18,552 jobs already created and 7,793 more on the horizon, the EDB's portfolio is poised to have a lasting impact on the country's economy. As the government continues to implement policies aimed at promoting economic growth, the EDB's data will play a vital role in shaping the country's development trajectory.
Key points
- The EDB's investment portfolio is valued at Rs 649.7 billion, targeting 7,793 new jobs.
- Rs 138.9 billion have already been invested, with Rs 127.2 billion in the planning phase.
- The top 5 sectors in terms of project value are Mixed-Use/Smart City, Real Estate, Hospitality/Tourism, Renewable Energy, and Healthcare & Life Sciences.
