UNPACKING T HE SMART CIT Y SCHE ME WIT H T HE E CONOMIC DE VE L OPME NT BOARD (E DB) MAURIT IUS A pr e se ntation by: Mr . Sac hin Mohabe e r , He ad – Re al E state & Hospitality E c onomic De ve lopme nt Boar d , Maur itius BUILDING A SM A RTER FUTURE FO R A FRIC A N REA L ESTA TE
ECONOMIC DEVELOPMENT BOARD Promote investment, Facilitate inward & export & financial outward investment services Provide strong Act as the main institutional support institution for for strategic country branding economic planning EDB, operating under the aegis of the Prime Minister’s Office, was set up on the 15 th of January 2018 BUI L DI NG A SMART E R F UT URE F OR AF RI CAN RE AL E ST AT E
MAURITIUS Conducive Business Environment Robust Infrastructural Landscape Competitive Sectoral Advantages BUI L DI NG A SMART E R F UT URE F OR AF RI CAN RE AL E ST AT E
MAURITIUS The advantage Over the Years AT A GLANCE Exclusive Economic Population Real GDP Zone 1.3 million Growth Rate 2.3 million km 2 3.5 % (2017) Official Language GDP Per Capita Bilaterals Agreements English US D 10,500 (2017) 49 DTAAs 44 IPP As World Bank Land Mass Literacy 2,040 Km 2 89.9% Doing Business 2017 1 st in Africa BUI L DI NG A SMART E R F UT URE F OR AF RI CAN RE AL E ST AT E
2017 17 2017 (Economist Intelligence Unit) 16 th 16 BUI L DI NG A SMART E R F UT URE F OR AF RI CAN RE AL E ST AT E
MAURITIUS – AFRICA CONNECTION MUR 2.6 Bn USD 29 Bn Private Equity Flow in Outward Direct Africa (2017) Investment (2017) 23 IPPAs signed with African countries 21 DTAAs signed with African countries Embassies in Africa Permanent Joint Commissions Special Economic Zones BUI L DI NG A SMART E R F UT URE F OR AF RI CAN RE AL E ST AT E
SMART 01 Int Integ egratio ion Engagement & MAURITIUS Public Society, Ecology, Technology, Economy Participation 05 02 Multi- Performance stakeholder monitoring & based planning tracking Crea eation n of Smart C Cities es a across Mauritius Good Capacity governance & Building & leadership Programs 04 03 1 2 3 Open Dialogue Context Empowerment Sensitivity BUI L DI NG A SMART E R F UT URE F OR AF RI CAN RE AL E ST AT E
SMART T CITIE TIES – INVESTM TMENT T OPPORTU TUNIT ITIE IES Live ve Residential areas, comprising : High-end luxury villas, apartments and duplexes Units for retirees that can be acquired under ‘Life Rights’ Affordable housing units & educational institutions Live Medical facilities & Shopping malls Wo Work Office blocks Industrial parks Techno-parks Work SME Parks Meeting, exhibition and convention centres Research and innovation centres Renewable energy production Play lay Amusement parks and recreational facilities Play Hotels and restaurants Tourist attractions BUI L DI NG A SMART E R F UT URE F OR AF RI CAN RE AL E ST AT E
SMAR SM ART CI CITY INVESTMENT NT OPPO PPORTUNITIES A plethora of opportunities exist for global investors in these sectors : Energy Transport solutions Real Estate Waste management ICT solutions Office space Water supply Healthcare Knowledge and Education Sports Leisure Infrastructure BUI L DI NG A SMART E R F UT URE F OR AF RI CAN RE AL E ST AT E
SMART T CITY SCHEME HEME Fisc iscal l Incentiv ives No customs duty on import or Income purchase of any Tax holiday for the f Full recovery of dutiable irst eight years of op VAT in terms of goods, other than m eration input tax aterial used for No land allowable for infrastructure and transfer tax capital goods construction No registration duty if No Morcellement tax transferor holds shares equivalent to the value of immovable property transferred BUI L DI NG A SMART E R F UT URE F OR AF RI CAN RE AL E ST AT E
SMART C T CITY Other Incentives – Citizenship & Residency Mauritian Citizenship A non-citizen having held a residence permit for a minimum period of 2 years and having made an investment over USD 5 million in Mauritius may apply for Mauritian citizenship . Residence Permit Any non-citizen acquiring a residential unit above USD 500,000 under the scheme is eligible to a residence permit for himself and his family. Life Rights No restriction on rental or resale of residential units. Possibility for a retired person to acquire life rights under the Smart City Scheme. BUI L DI NG A SMART E R F UT URE F OR AF RI CAN RE AL E ST AT E
Thank you Economic Development Board Mauritius 10 th Floor, One Cathedral Square Building 16, Jules Koenig Street Port Louis 11328 Republic of Mauritius Tel: +230 203 3800 Email: hpd@edbmauritius.org BUI L DI NG A SMART E R F UT URE F OR AF RI CAN RE AL E ST AT E
BUI L DI NG A SMART E R F UT URE F OR AF RI CAN RE AL E ST AT E
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