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The diversification of our economy is the way forward, PM says

Date: September 08, 2017
Domain:Economy & Finance; Public Infrastructure
Persona: Business; Citizen; Government; Non-Citizen
 

GIS – 08 September 2017: The Médine Smart City project is in line with the Government's strategy to adopt and develop different pillars of economy. This is a major and innovative project as it lays much emphasis on education as well as the real estate sector in Mauritius. It will definitely change the landscape of the west of the country and similar projects will flourish throughout the island.
The Prime Minister, Minister of Home Affairs, External Communications and National Development Unit, and Minister of Finance and Economic Development, Mr Pravind Kumar Jugnauth, made this statement yesterday, at the launching of the Médine Smart City, in Cascavelle. The Chief Executive Officer (CEO) Médine, Mr. Daniel Giraud and other eminent personalities were also present at the event.
In his address, the Prime Minister highlighted that in view of modernising Mauritius, Government has identified solid and concrete measures to integrate this new concept. He emphasised that one of the pillars of the new economic impetus was to lay the foundation for the creation of Smart Cities. These, he underscored, are effective means for an organised and sustainable development, aimed at improving the quality of urban services for institutions, businesses and citizens.
The Prime Minister reiterated that our workforce is the country’s greatest asset and should be geared towards transforming Mauritius into an innovation-driven economy. He emphasised that Government spends about 13.3% of the national budget on education and aims at improving the quality of life of citizens. This implies an international level infrastructure, respect for public security and an efficient transport system. The Médine Smart City is thus in line with Government’s vision and strategy as it will comprise all these components, he added.
He also expressed his appreciation for the Médine Education Village which will comprise several prestigious universities; a private pre-primary school; a nursery able to accommodate up to 180 children; and international primary and secondary schools at Cascavelle.
On that score, the Prime Minister congratulated Médine group for its proactivity in the diversification of its activities, which has created an autonomous ecosystem in this part of the island, resulting in wealth and jobs creation. This development demonstrates the Group's accomplishment and effort in expanding and ensuring its continued presence in the region, he underlined, before recalling that Tamarina was the first Integrated Resort Scheme project completed in Mauritius, thus showing the group's audacity and vision.
For his part, the CEO of Médine group, Mr. Daniel Giraud, underlined that this Smart City bears the group’s signature, namely innovation and vision. This intelligent city will have as its primary vocation education, but will also shelter art, culture, sport and leisure, he added. 
Médine Smart City project
The Médine Smart City project, which will lay emphasis on education, will include schools, universities, offices, shopping centres, a sports centre, student residences, a cultural and artistic centre, and a botanical park.
The project will eventually generate Rs 35 billion investment, of which Rs 2.8 billion have already been invested, and the creation of 6,000 jobs in this city of about 12,000 inhabitants on a plot of 800 acres. Mauritians will have access to a diversified range of residential housing, ranging from affordable housing to apartments and villas.
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