Mauritius Expects 46% Leap in Foreign Investment This Year
- Indian Ocean island nation may receive 14 billion rupees
- Luxury real estate attracts most investment from offshore
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Mauritius’s government expects foreign direct investment to increase as much as 46 percent this year, even as the United Kingdom’s decision to leave the European Union may curb inflows to the Indian Ocean island nation.
Foreign investors are expected to commit 14 billion rupees ($395 million) by the end of 2016, compared with 9.6 billion rupees last year, Board of Investment Chief Executive Officer Ken Poonoosamy said in a phone interview Tuesday from the capital, Port Louis. The country received 3 billion rupees in the first quarter, Bank of Mauritius data shows. FDI slumped last year from 18.5 billion rupees in 2014, when the $12 billion economy saw several hotel acquisition deals, according to the BoI.