Mauritius is looking to form alliances with UAE investors

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Mauritius seeks to foster alliances with UAE investors

Mauritius is eager to form strategic alliances and partnerships with the UAE investor community in order to expand into African markets, according to the Indian Ocean nation’s senior minister.

Soodesh Callichurn, Minister of Commerce and Consumer Protection, who is leading a Mauritian delegation to the UAE, stated that the island nation is better positioned to serve as a gateway to the African continent for UAE businesses and investors. According to Callichurn, thanks to a slew of bilateral and multilateral trade agreements with India, China, the United States, and the European Union, the country can provide businesses in all sectors with preferential access to roughly 70% of the global market via the Mauritius Freeport.

“We have a favorable business environment, a strong financial and legal framework, and a plethora of multilateral and bilateral agreements in place to provide investors and entrepreneurs with exciting growth opportunities,” said Callichurn, who is also the minister of labor, human resource development, and training.

“I congratulate the UAE Government for having courageously stood up to their commitment to maintaining such a high standard at Expo2020 Dubai despite the challenges posed by the Covid-19 pandemic and, more specifically, the restriction of movement,” he told Khaleej Times on the sidelines of the Mauritius Freeport and Logistics Week, which is being held in conjunction with the Mauritius Pavilion at Expo 2020. Showkutally Soodhun, ambassador of Mauritius to the UAE and deputy commissioner-general for the Mauritius Pavilion, as well as senior government officials, attended the event.

According to the minister, the goal of the week is to highlight the benefits of the Mauritius Freeport as a dependable, trusted, and efficient logistics, distribution, and value addition platform connecting the Middle East, Asia, and Africa. According to the minister, Mauritius Freeport was ranked as the second-best Freezone in the world and the first in Africa in the Annual Global Free Zones of the Year 2021 by the fDi intelligence magazine, a specialist division of the Financial Times.

source: khaleej Times

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