Mauritius invites Saudis to invest in new projects

10 October 2015
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Mauritius Vice Prime Minister Showkutally Soodhun has called on potential Saudi businessmen to invest in the island state.

“The world is evolving a globalized environment and the Mauritian economy has also been shaped to become more diversified and more resilient,” Soodhun said during his visit to the Kingdom.

“New sectors are emerging such as financial services, ICT (information and communications technology)/BPO (business process outsourcing), and there is a renewed focus on the Blue Economy, where we do admit that we rely on the international expertise. Mauritius’ strategic position facilitates a gateway for investors setting up businesses in Africa,” he said.

Mauritius wishes to further consolidate relationships with major Gulf countries, especially with the Kingdom of Saudi Arabia with a view to giving a boost to bilateral, Islamic and commercial partnership.

Soodhun was received personally by Deputy Crown Prince Mohammad bin Salman, second deputy premier and defense minister, and conveyed his heartfelt congratulations for the successful organization of this year’s Haj and discussing bilateral ties.

Giving an overview of the potential areas for Saudi investors, he said Mauritius is planning to build five smart cities. Saudi Arabia can participate in this investment, he said, adding that prime land is being given for 99-year lease to build smart cities, which will have universities, hospitals, entertainment areas and malls.

The island’s new airport can handle up to four million passengers annually. Over one million tourists visited this year and their numbers are expected to double by 2016.

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Source: Arab News