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Prime Minister addresses Commonwealth Business Forum in Malta

Date: November 26, 2015
Domain:International Relations; Economy & Finance; Employment/Labour
Persona: Business; Citizen; Government; Non-Citizen
 

GIS - 26 November, 2015: Mauritius aims to operate as an intellectual capital hub from which highly skilled and highly qualified professionals can join forces with their counterparts on the African continent to ensure that a sustainable supply of multidisciplinary expertise is available to support the realisation of in-land and regional development projects.
The Prime Minister, Sir Anerood Jugnauth, made this statement on November 25 at the Commonwealth Business Forum in Malta. The theme of the Forum is Financial and Professional Services: Delivering Jobs and Growth.
In his address Prime Minister Jugnauth recalled that financial and professional services have become major economic activities that are impacting in a significant manner, not only on the individual economies of nations, but also on the global financial and labour markets. In Mauritius some 19 000 professionals employed in this industry are the greatest contributors, on a per-individual basis, to the Gross Domestic Product, he said.
Sir Anerood outlined that the efforts of the present Government are geared towards engineering a second ‘economic miracle’, the one that will further diversify the country’s economic base into a regional development powerhouse to deliver greater prosperity for the nation.
According to the Prime Minister such a diversification strategy is underpinned by high investment levels, cutting-edge business expertise, an adequate supply of quality employment, alignment on global standards of economic performance, inclusive development policies, greater equity and social justice, and embedded business ethics and good governance. On that score the government firmly believes in investing in human capital and increasing the quality and supply of skilled professionals
The Prime Minister also elaborated on the Smart City Scheme adding that the basis of the Scheme is to provide a mix of compatible land use for commercial, leisure, residential and civic facilities, all bound together under a common and centralised management. Each Smart City will need to compulsorily include an innovation cluster dedicated to the creation of high-skilled jobs. The Scheme is designed to support a new breed of entrepreneurs, especially with in-built incubators and a wide array of angel investors, he said.
Speaking on our proximity to Africa, Sir Anerood Jugnauth emphasised that Mauritius is able to participate fully in the economic development of the continent while adding that regional integration is an important pillar of our economic policy.
“By virtue of our membership of the African Union and the Regional Economic Communities, Mauritius is actively implementing its respective integration agendas as well. A number of private Mauritian entities are already providing their services on mainland Africa”, he said.
The Prime Minister told the Forum that the aim of Mauritius is to operate as an intellectual capital hub from which highly skilled and highly qualified professionals can join forces with their counterparts on the continent to ensure that a sustainable supply of multidisciplinary expertise is available to support the realisation of in-land and regional development projects.
Sir Anerood Jugnauth is upbeat that sustainable growth withiof the increasingly determinant role that financial and professional services are playing in the global economy.
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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