Mauritius’ economy to grow to 4% in 2019 thanks to investments in its infrastructure (MCB Group)
(Ecofin Agency) - Mauritius’ economy could grow to 4% in 2019 thanks to investments in the infrastructure sector, according to Pierre-Guy Noël, MCB group’s managing director.
According to the official’s statement reported by Bloomberg, apart from infrastructures, housing and the construction sector should also contribute to this growth.
Mauritius dedicated $453 million for the construction of 3,000 social houses, a new building for the country’s police and the new supreme court’s headquarters. In 2019, this budget could increase by 19%.
The government expects the tourism sector (one of the key sectors) and foreign direct investments (50% of which were turned to the real estate sector in 2017) will minimize the impact of the increase in its expense on imports (of construction materials notably).
Let’s remind that this year the country’s economy will stand at +3.8%, according to MCB group.
Moutiou Adjibi Nourou