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BOM forecasts Gross Direct Investment Flows at Rs12,330 million for first three Quarters 2017

Date: January 11, 2018
Domain:Economy & Finance
Persona: Business; Citizen; Government; Non-Citizen
 

GIS - 11 January, 2018: Gross direct investment flows in Mauritius have been estimated at Rs12,330 million for the first three quarters of 2017 which is higher than the Rs10,592 million recorded in the corresponding period of 2016 following the forecasts of the Bank of Mauritius published on 30 December 2017.
According to statistics, the ‘Real estate activities’ sector was the major recipient with inflows amounting to Rs7,325 million for the period under review with the major investments comprising of the Integrated Resort Scheme/Real Estate Scheme/Invest Hotel Scheme/Property Development Scheme (IRS/RES/IHS/PDS2) which stood at Rs4,698 million.
Moreover, the ‘Financial and insurance activities’ and ‘Construction’ sectors were other key beneficiaries, with inflows amounting to Rs3,158 million and Rs845 million, respectively. Together, France and Luxembourg accounted for over 50 per cent of total direct investment inflows.
Gross direct investment flows abroad amounted to Rs1,717 million for the first nine months of 2017 and were directed mostly to the ‘Financial and insurance activities’ and ‘Manufacturing’ sectors. Direct investment flows to Kenya stood at Rs708 million, while those to France totalled Rs181 million.
Government Information Service, Prime Minister’s Office, Level 6, New Government Centre, Port Louis, Mauritius. Email: gis@govmu.org  Website:http://gis.govmu.org
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