Real Estate and Construction: Fuelling Mauritius' Economic Growth
The real estate and construction industry in Mauritius is vital because it accounts for 10.5% of the country's GDP. The Bank of Mauritius projects a gross direct investment flow of MUR 8,531 million into the real estate sector in 2020. This industry helps the country achieve its ambition of becoming a global and regional hub by fostering the growth of related industries such as housing, retail, and commercial.
The emergence of a network of smart cities across the island is a significant trend in the real estate market. Investment and business opportunities in key sectors like education, health, research and development, biotechnology, hospitality, retirement villages, and environmentally friendly office buildings are being created as smart cities are developed around the work, live, and play concept. Other types of construction in this field include traditional cities, business and industrial parks, residential neighbourhoods, hotels and resorts, and even amusement and theme parks.
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