FDI inflows hit Rs 12.3 billion

According to the latest statistical release from the Bank of Mauritius, Foreign Direct Investment (FDI) inflows for the first three quarters of 2017 amounted to MUR 12.3 billion, compared to MUR 10.6 billion for the corresponding period last year, representing an increase of 16 %.

The top three sectors were real estate (MUR 7.3 billion), financial services (MUR 3.2 billion) and Construction (MUR 845 million). Hospitality and education also received significant investment from abroad during the period. It should be noted that the share of FDI in real estate activities has been decreasing over the years following the adoption of a diversification strategy.

For the period January to September 2017, FDI in real estate accounted for 59.4% of total FDI, compared to 70.7 % in 2016 and 84.4% in 2015. With respect to sources of FDI, over 50% of inflows came from France and Luxembourg. South Africa and China remained important markets during the period.