Mauritius is a small island in the Indian Ocean. The most important revenue in the 1980s was sugar cane being exported to European countries. Nowadays it relies mostly on the tourism sector which is considered its main source of revenue. Tourism has become a source of job creation and revenue for the local inhabitants. A change in the tourism demand for an island may have a major impact on the Gross Domestic Product, the budget and the Balance of Payments.
Sugar cane fields are now being replaced by new projects to cater to the tourism sector. With so many developments in the pipeline for Mauritius, it is hard to pick just five of them. Currently, on the L2B website, we have over 340 projects for Mauritius alone, and that figure is climbing steadily.
Here are some interesting large projects that are currently either in the pipeline or underway in Mauritius:
1) Jin Fei Smart City
||The Jin-Fei Smart City will be created over eight years and will require an investment of around US$ 800 million. The first phase includes the construction of the Garden of Eden, which is now complete, as well as the construction of a 5-star hotel with 185 rooms. This hotel project will be carried out in two 60 m high towers. Construction of the hotel has started on a plot of land next to the Place du Jardin d’Eden. In parallel, construction will also start on 19 luxury French-style villas along the Baie du Tombeau river, a clifftop restaurant and an entrepreneur club that will take the form of a boat.|
2) Medine Smart City (aka Uniciti)
|Medine Group is aspiring to create a smart city which will include not only residential areas, schools, universities, shopping malls, sport and leisure centres but also an art and cultural centre and a botanical garden. With a surface area of 823 acres between Bambous, Cascavelle and Flic en Flac, the project will have a global investment of US $ 937 million once the city is completed.|
3) Beau Plan Smart City
|Terra Mauricia’s smart city project will be located at Beau Plan on a freehold land of an extent of 540 acres. The proposed smart city project will comprise of residential units, mixed-use development, creative park and university campus development. Existing developments such as the Aventure du Sucre, Beau Plan Business Park, restaurant, leisure facilities amongst others have been included in the smart city. The project will entail a total investment of US$ 800 million and will bring around 10 200 job opportunities.|
4) Cap Tamarin Smart City
|The Cap Tamarin Smart City Project will be located at the entrance of Tamarin Village and will comprise of an education zone, office spaces, a boutique hotel, residential units, a civic centre and public amenities, including jogging and cycle tracks. The project will cover the land of an extent of 105 acres. The total investment is estimated at US$ 240 million.|
5) Mon Tresor Smart City
|The Mon Trésor Smart City project is being undertaken by the Omnicane Group and will be a vibrant and sustainable city comprising of a business gateway, offices, logistics/light industrial park, freeport zone, 600 residential lots, 300 villas/duplexes, 100 apartments, commercial centre, leisure complex, SME’s incubator, film studio, civic centre, an education and art hub on freehold land of an extent of 184.1018Ha at Mon Trésor and La Cambuse. The total project cost is estimated at US$ 253.5 million.
Did you know: Mauritius has emerged as Africa’s most competitive economy for 2019 and ranked 25th in the world. South Africa’s economy is ranked 2nd in Africa and 60th in the world for 2019.
For more information on the above developments, as well as a whole lot of other interesting projects happening in Mauritius, as well as in the SADC region, please feel free to contact me (MelanieM@L2B.co.za) to receive daily project leads and updates.
To view more Articles, please visit our Leads 2 Business Blog.
If you are interested in becoming one of our subscribers, please visit Leads 2 Business.
To view notes with screenshots on how to use our website, please visit Leads 2 Business Wiki.