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Home » AFRICA » Mauritius Revives Its Tourism Industry with Bold Government Reforms, Sustainable Growth Strategies, and Unprecedented Real Estate Investment Opportunities in the Indian Ocean Wednesday, June 4, 2025Mauritius is undergoing a transformative phase as its new government introduces bold reforms aimed at revitalizing the island’s tourism industry. With a renewed focus on sustainable growth strategies, including eco-friendly infrastructure and green finance, the government is positioning Mauritius as a prime destination for real estate investments. By fostering a business-friendly environment and promoting transparency, the government seeks to attract international capital, ensuring the long-term sustainability of both the tourism sector and broader economic development. This strategic shift is expected to unlock unprecedented opportunities for investors in the Indian Ocean region, solidifying Mauritius as a key player in the global tourism and real estate markets.As a new government takes charge in Mauritius, the island nation is charting a course toward economic revival and sustainable growth. With a renewed focus on attracting foreign investments, particularly in the real estate sector, the government aims to address the country’s fiscal challenges while creating a more resilient and sustainable economic future. The upcoming API Mauritius & Indian Oceans Property Investment Forum, scheduled for 26 June 2025 at the InterContinental Hotel in Mauritius, will be a key moment for industry experts to discuss and explore the island’s potential as an investment destination.Mauritius is at a critical crossroads, with the newly formed government now responsible for addressing substantial economic hurdles. The country is grappling with three primary fiscal issues: a trade deficit, an unsustainable budget deficit, and large payments due to other countries. The new administration has committed to revitalising the economy through a multi-pronged approach, including attracting international capital, especially from foreign developers, and initiating key reforms to ensure long-term fiscal sustainability.The third iteration of the API Mauritius & Indian Oceans Property Investment Forum will serve as a central gathering for investors, government officials, and industry leaders to discuss how Mauritius can overcome its economic hurdles and tap into the vast potential for growth. The forum, which has seen two successful editions in previous years, promises to offer deep insights into Mauritius’ evolving economic outlook and the opportunities that lie ahead for foreign investors.Government’s Commitment to Infrastructure and SustainabilityThe new government’s emphasis on developing vital infrastructure, fostering climate resilience, and adopting investor-friendly fiscal policies are seen as major factors that will position Mauritius as an increasingly attractive destination for foreign investments. Mauritius’ strategic location in the Indian Ocean, along with its stable political environment, offers a unique appeal to international investors seeking opportunities in one of the most promising economies in Africa and the Indian Ocean region.Industry leaders have expressed optimism about the government’s commitment to sustainable development, transparency, and accountability. According to Kevin Teeroovengadum, a seasoned board director and advisor with extensive experience across various sectors in Mauritius and Africa, the country faces a critical task in stabilising its economy. He cautioned that if the fiscal challenges are not addressed, Mauritius risks facing a downgrade by international credit rating agencies. Teeroovengadum’s extensive background in sectors such as real estate, hospitality, telecoms, and financial services provides him with valuable insights into the key drivers of investments that could help steer Mauritius toward a more stable future.“Mauritius urgently needs a bold, forward-looking strategic plan — one that mirrors the ambition and clarity of vision seen in Dubai’s transformation. The government must set clear targets, not only in terms of the number of foreigners it aims to attract but also the profile and quality of these individuals and, a focused strategy is essential to position Mauritius as a premier destination to live, work, and retire” says Teeroovengadum.Mauritius offers several unique advantages that make it an attractive investment destination. In addition to its political stability and favorable climate, the island boasts a resilient tourism sector that has long been a pillar of its economy. However, experts highlight that unlocking Mauritius’ full economic potential requires greater openness to foreign developers and institutional investors, particularly in emerging sectors such as green buildings, logistics hubs, and affordable housing.To achieve this, a clear regulatory framework, streamlined investment processes, and stronger public-private partnerships are essential. These measures will ensure that the country’s development aligns with national priorities and generates long-term value for both local communities and international investors.Wayne Godwin, CEO of JLL Africa, says Mauritius has hallmarks that are already beneficiary to its potential in the African continent.“The ease of doing business, sophisticated local capital markets, and low taxation make Mauritius an attractive destination for foreign direct investment, but there are still barriers that can be removed, particularly around the sale of directly held real estate, which incurs higher transfer taxes and a lengthy approval process.“As JLL, we expect to see more focus from international investors into Mauritius in the next few years, particularly from the Middle East and India, while the trend of Mauritian investors expanding into Africa will likely continue on a similar path,” says Godwin, who leads JLL’s business in Africa that has exposure to some of the fastest-growing cities in the continent.Green Finance and Climate ResilienceAnother key aspect of Mauritius’ economic revival is its focus on sustainability and climate resilience. As the global environment faces increasing risks due to climate change, Mauritius is positioning itself as a leader in integrating green finance into its development strategies. Financial innovation is gaining momentum, particularly through the use of green building standards, real estate investment trusts (REITs), and green bonds.The island is also witnessing the emergence of early leaders in green finance, with companies like EnVolt and Cim Finance leading the way in mobilising capital for sustainable infrastructure and climate-resilient projects. These companies have made significant strides in securing green capital, enabling the development of environmentally friendly and resource-efficient buildings. This shift toward sustainability is particularly important for the tourism and real estate sectors, where the demand for eco-certified and climate-resilient developments is rapidly increasing.Recycling capital from mature assets into eco-certified, resilient developments is becoming a key strategy for long-term value creation. In particular, mixed-use projects and coastal tourism developments are benefiting from this approach, which ensures that future projects are better equipped to handle the growing challenges posed by climate change.“Mauritius has a strong foundation in residential real estate and hospitality, but the time has come to evolve and diversify the development model. We must channel foreign investment into industries that create meaningful employment for our skilled, bilingual youth—sectors like advanced manufacturing, tech-enabled services, and sustainable construction. Real estate remains central to this vision, not as an end in itself, but as a platform to support innovation, green industry, and a more inclusive economy. The opportunity is to build an economy where young Mauritians can thrive at home—not feel compelled to leave in search of better prospects”, says Bernard Forster, Managing Director, Elevante Consulting, part of the Elevante Group. Elevante is a leading independent real estate advisory and property services firm in Mauritius and the Indian Ocean region, known for its deep market insight, strategic guidance, and regional transaction expertise across all asset classes.The Role of Inclusive DevelopmentWhile sustainability is at the forefront of discussions, experts stress that development in Mauritius must also ensure inclusive economic opportunities for all segments of society. The government’s agenda for economic growth includes fostering job creation, improving infrastructure, and ensuring that the benefits of growth are shared equitably across the population.As Mauritius prepares to unveil its national budget for the coming year, much attention is focused on the government’s strategy for inclusive growth. The upcoming budget will outline key fiscal policies that will help address the country’s economic challenges while creating a more competitive and sustainable environment for investment.Mauritius is revitalizing its tourism industry through bold government reforms, focusing on sustainable growth strategies and green finance, while unlocking unprecedented real estate investment opportunities.A Resilient Future for MauritiusThe API Mauritius & Indian Oceans Property Investment Forum, which will take place in June 2025, is poised to be a key event in the country’s push for economic renewal. With the theme “A Resilient New Dawn,” the forum will bring together key stakeholders to explore investment opportunities and discuss the steps needed to transform Mauritius into a leading global destination for investment, innovation, and climate-smart development.The next few months will be critical for Mauritius as it strives to build a more resilient economy and a competitive investment climate. The success of the government’s efforts will depend on its ability to implement bold reforms, attract foreign investments, and create an environment where sustainable and inclusive growth can thrive. The future of Mauritius looks promising, and with the right policies and investments, it could emerge as a model for economic revival and sustainability in the region.As the nation’s leaders focus on these goals, the API Mauritius & Indian Oceans Property Investment Forum will undoubtedly play a crucial role in shaping the island’s future as a destination for investment and a beacon of sustainable development in the Indian Ocean region.
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