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Mauritius: Foreign direct investments increased by 8.7%

Mauritius: Foreign direct investments increased by 8.7%
The foreign direct investment (IDE) has increased by 8.7% according to estimations of the Board of Investment (BOI) for the six first months this year.
The first half of 2014 has thus drain in its wake more than 5 billion rupees* of direct foreign investments while only 4.6 billion rupees had been registered on the same calendar period in 2013.
This upsurge is mainly due to the repurchase of three hotels located in Au Morne (Indian Resort, Mornea and Moréva) of the Reunionese Apavou group in Mauritius by the German group TUI, world leader of the tourism sector, via its Spanish subsidiary RIU Hotels and Resorts.
1.7 billion rupees had already been transferred on a transaction of about 3.3 billion rupees, as reported the L’Express of Mauritius newspaper.

*One euro roughly equivalent to 41 rupees

Fabrice François

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