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Enlarging our economic space

Dear Valued Investors,

The month of March has been very fruitful. 

The launch of the largest onshore Liquefied Petroleum Gas (LPG) storage facility in the region by Petredec is a testimony to the continued trust that leading global companies place in Mauritius.  With a storage capacity of some 15,000 metric tonnes, this facility has been designed to satisfy both the domestic requirements in LPG as well as the regional demand from the re-export hub. It has necessitated an investment of more than MUR 400 million.  The materialization of this project is another step towards the development of Mauritius as regional petroleum and bunkering hub in line with Government vision.

Our March edition features an analysis of last year's FDI. Overall foreign direct investment reached MUR 9.512 billion in 2013.  While MUR 4.8 billion flowed in from Europe, MUR 4.4 billion were contributed by Africa and Asia together. 

Besides petroleum and bunkering activities, other sectors which attracted significant investments include agriculture, manufacturing, financial services, ICT and real estate. 

March 2014 also saw a series of events including an inward delegation of Malaysian businessmen as well as a high level delegation led by the Honourable Vice Prime Minister, Minister of Finance and Economic Development to the Republic of Gabon. This mission has helped to strengthen economic and trade ties between the Republic of Mauritius and the Gabonese Republic. It equally allowed the accompanying Mauritian delegation to identify inter-trade and investment opportunities across key sectors in Gabon. In addition, the adoption of a common vision and a joint action plan for the development of Africa will create greater synergies among partnering States. 

Finally, I am pleased to announce that BOI is organizing the BioAfrica conference in Mauritius on 23rd and 24th April. It will bring together about 200 professionals. The overall objective is to showcase the investment opportunities that Mauritius offers in the Biotech field.

On this note, I wish to thank you for your continued trust and support. BOI is at your disposal for any assistance that you may need for your projects.

Ken Poonoosamy
Managing Director

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