PM urges more private sector investment

The Prime Minister, Mr Pravind Jugnauth, urged the private sector to invest more in the economy, particularly in services where value added is higher than in other sectors so as to give a boost to industrialisation. He was speaking on Wednesday evening at the launch of the Moka Smart City project at the Vivea Business Park, Moka.

According to the Prime Minister, there are already clear and encouraging signs that the economy will perform much better this year with improved performance in almost all sectors of the economy. He recalled that the various projects in the pipeline among which the Moka Smart City, the Metro Express, the Multisport Complex and other major infrastructure projects, will bring a boost to the construction sector which is expected to expand by 7 per cent this year.

“Smart Cities should not signal the demise of our main cities but instead, serve as a model to modernise our towns and cities. We do not want a country with two faces he said, adding that every citizen must have access to the modern facilities we create and the services provided,” stated the Prime Minister.

For his part, the Chief Executive Officer of ENL Group, Mr Hector Espitalier Noel, spoke of the importance of the Moka Smart City which will transform the region into a modern, connected and vibrant place while opening opportunities for one and all with the creation of about 3,500 jobs. The Smart City will span over 26 sq.km.