african union for housing finance conference: investment opportunities in mauritius
DESCRIPTION
Investment opportunities in Mauritius – Mr Ken Poonoosamy, MD Board of Investment, Mauritius. With more than 46 cities in Africa swelling to populations of a million people or more — and 17 of the world's 100 fastest-growing cities located in Africa — there is an acute need to develop housing solutions for so many urban residents. But raising the capital to meet that growing demand for housing remains a significant challenge. In 2013, the African Union for Housing Finance (AUHF) will host a conference under the theme "Raising Capital for Housing Finance.” The Africa-China Urban Initiative will organize a conference panel discussion on "Understanding (and harnessing) Chinese investment interest." Chinese investment in residential development in Africa is increasingly having an impact and demonstrating a track record of opportunity and experience. Panelists invited include Chinese investors setting out their experiences and expectations for the market and an African corporation that has received Chinese financing. http://urban-africa-china.angonet.org/content/29th-annual-conference-mobilising-capital-housing-financeTRANSCRIPT
African Union for Housing Finance:
Investment Opportunities in Mauritius
www.investmauritius.com 12th September 2013
AGENDA
Overview of Hospitality and Property Industry in Mauritius
Sector Evolution & Main Developments
Investment Opportunities
Mauritius as a platform for Real Estate Investments
Why Mauritius
Overview: Hospitality and Property Industry
GDP (2012)
Construction Industry 6.3%
Real Estate Activities 5.5%
Number of Permits Issued (2012)
Residential 6,081Non Residential 475
Floor Area Covered (2012, 000 m2 )
Residential 1,037
Non Residential 150.20
Employment (2012)
Construction 53,100
Real Estate Activities 900Construction & Real Estate Activities
54,000
FDI (2012, USD $ million)
Real Estate activities 170
Construction 59
Sector Evolution and Major Developments
2006-2007 2011-20132009-20102007-2008 2008-2009
Opening up of Economy –Development of new IRS Framework
Development of RES Framework and introduction of RES Scheme
Review of RES/IRS Framework
Introduction of IHS Scheme
Acquisition of apartment by permanent residence permit holders
Acquisition of property by OP holders 2013 (Investor and professionals)
IRS RES IHS Mixed Use
AnahitaTamarina
Belle RiviereMatala
Club MedVilla Valriche
La Balise Marina
Domaine des AlizeesTamarin Villas
Sunset View in paradiseGrand Baie La Croissette
Long Beach Ritz Calton*
Oberoi*
Grand Baie la CroissetteBagatelle Mall of Mauritius
2003 2006 2009 2012
7 717
43
103
234198 212
185
241 250
2041
93 8769 67
111
150
FDI in Hospitality/Property
FDI in Residential Projects
Foreign Direct Investment in Hospitality & Property Development
Investment Opportunities
Integrated Resort Scheme
Development of high end luxurious villasMinimum investment amount – USD 500, 000
Real Estate Scheme
Development of luxurious villas and apartments No minimum investment amount
Invest Hotel Scheme
Shared ownership through equity participationRooms or other part of the hotel can be sold to individual investors Ownership of hotel rooms or any other part of the hotel with a fractional undivided interest in the common areas
80
169
17NO OF UNITS SOLD (2012)
RES
IRS
IHS
Investment Opportunities
Marina and waterfront developments
Urban regeneration project
Mixed use private and commercial island development
Hotels catering for Asian tourists
New Areas of Development
Financial Platform
Structuring, administration and management of real estate and property investment vehicles for the region
Property/Real Estate Funds Trusts Investment
Holdings
Financial Platform
Capital Raising Venue for global property investors
Internationally Recognised Exchange
Possibility for Dual listings
Political & Social Stability
Proven Jurisdiction of
Substance
Active member of COMESA &
SADC
World Class Regulations
Innovative Investment
Vehicles
Pool of bilingual
Professionals
Eco-System (Stock
Exchange)Fiscal Efficiency Risk Mitigation
Why Mauritius
Thank You