Moving on from a history of reliance on traditional manufacturing, Mauritius has set the foundation to propel itself towards its next phase of innovation-driven development. In order to ignite growth across all economic sectors, the Government pursues a consolidation of existing sectors and engages in the exploration of new economic avenues.

The new Mauritian economic architecture is built around the following sectors: manufacturing, financial services, logistics, healthcare and biotechnology, life sciences, real estate and smart cities, tourism and duty-free island, innovation, technology and communication, knowledge, ocean economy and renewable energy.

Niche activities such as in the creative industries, marinas and film- making are also being considered. While most of these sectors have already been successfully launched and enjoy an established status on the Mauritian economic landscape, there are a couple of new areas of investment which are budding. Below is a glimpse of the promising sectors of emerging investment opportunities in Mauritius.

Hospitality and Property DevelopmentThe Investment Promotion Act makes provision for the introduction of a Smart City Scheme (SCS) and a Property Development Scheme (PDS), which are administered by the Board of Investment (BOI) under a new set of regulations. The SCS is an economic development programme aiming to consolidate Mauritius into a full-fledged international business and financial hub. It seeks to stimulate innovative scientific and technological activities in order to serve the business community. Smart Cities are built around the work-live-play concept. The scheme provides for mixed-use development projects on an extent of at least 50 acres. The PDS allows development of residences on freehold land of at least 0.34 hectare (but not exceeding 17 hectares) for sale to non-citizens, citizens and members of the Mauritian Diaspora.

Ocean EconomyGovernment is committed towards promoting the Ocean Economy programme of Mauritius to make it one of the main pillars of the economy. The necessary legal and regulatory frameworks are being established in order to support and monitor ocean economy operators. Mauritius is currently working on a Seawater Air Conditioning project to fuel energy to cooling systems in Port Louis.

Key investment opportunities exist in the following segments: · Seabed exploration for hydrocarbons and minerals · Fishing, seafood processing and aquaculture · Deep Ocean Water Applications (DOWA) · Marine services · Seaport-related activities · Marine renewable energies · Ocean knowledge

For further information, please refer to:www.investmauritius.com

Investment Opportunities in Mauritius

19