UNPACKING T HE SMART CIT Y SCHE ME WIT H T HE E CONOMIC DE - - PowerPoint PPT Presentation

BUILDING A SM A RTER FUTURE FO R A FRIC A N REA L ESTA TE

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

UNPACKING T HE SMART CIT Y SCHE ME WIT H T HE E CONOMIC DE VE L OPME NT BOARD (E DB) MAURIT IUS

BUI L DI NG A SMART E R F UT URE F OR AF RI CAN RE AL E ST AT E

Promote investment, export & financial services EDB, operating under the aegis of the Prime Minister’s Office, was set up on the 15th of January 2018 Act as the main institution for country branding Provide strong institutional support for strategic economic planning Facilitate inward &

• utward investment

ECONOMIC DEVELOPMENT BOARD

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 Population

1.3 million

Official Language

English

Exclusive Economic Zone

2.3 million km2

Land Mass

2,040 Km2

Real GDP Growth Rate

3.5 % (2017)

GDP Per Capita

US D 10,500 (2017)

Literacy

89.9%

Bilaterals Agreements

49 DTAAs 44 IPP As

World Bank Doing Business 2017

1st in Africa

MAURITIUS

AT A GLANCE Over the Years The advantage

BUI L DI NG A SMART E R F UT URE F OR AF RI CAN RE AL E ST AT E

2017 17

16 16th

2017 (Economist Intelligence Unit)

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

21

DTAAs signed with African countries

23

IPPAs signed with African countries Private Equity Flow in Africa (2017)

USD 29 Bn MUR 2.6 Bn

Outward Direct Investment (2017)

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

Capacity Building & Programs Good governance & leadership Engagement & Public Participation Performance monitoring & tracking Multi- stakeholder based planning

01 02 03 04 05

Society, Ecology, Technology, Economy

SMART MAURITIUS

Int Integ egratio ion

2 3 1 Open Dialogue Context Sensitivity Empowerment Crea eation n of Smart C Cities es a across Mauritius

BUI L DI NG A SMART E R F UT URE F OR AF RI CAN RE AL E ST AT E

Live

Work

Play

SMART T CITIE TIES – INVESTM TMENT T OPPORTU TUNIT ITIE IES

Wo Work

• Office blocks
• Industrial parks
• Techno-parks
• SME Parks
• Meeting, exhibition and convention centres
• Research and innovation centres
• Renewable energy production

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
• Medical facilities & Shopping malls

Play lay

• Amusement parks and recreational facilities
• 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

SM SMAR ART CI CITY INVESTMENT NT OPPO PPORTUNITIES

Energy Real Estate

A plethora of opportunities exist for global investors in these sectors :

Office space Water supply Healthcare Waste management Transport solutions ICT solutions Knowledge and Education Leisure Sports 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

Income Tax holiday for the f irst eight years of op eration No land transfer tax No registration duty if transferor holds shares equivalent to the value of immovable property transferred No Morcellement tax No customs duty

• n import or

purchase of any dutiable goods, other than m aterial used for infrastructure and construction Full recovery

• f

VAT in terms of input tax allowable for capital goods

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SMART C T CITY Other Incentives – Citizenship & Residency

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.

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.

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.

BUI L DI NG A SMART E R F UT URE F OR AF RI CAN RE AL E ST AT E

Economic Development Board

Mauritius 10th Floor, One Cathedral Square Building 16, Jules Koenig Street Port Louis 11328 Republic of Mauritius

Tel: +230 203 3800 Email: hpd@edbmauritius.org

Thank you

BUI L DI NG A SMART E R F UT URE F OR AF RI CAN RE AL E ST AT E