Energya Industries, leading conglomerate from Egypt prospects the Mauritius energy sector
20 Fév 2024
The Economic Development Board of Mauritius was awarded the first place, as the best investment promotion agency, for the Southern African region during the 12th Annual Investment Meeting (AIM Global 2023).
This conference was held from 8 th to 10 th May 2023 at the Abu Dhabi National Exhibition Centre (ADNEC), under the theme “The Investment Paradigm Shift: Future Investment opportunities to Foster sustainable Economic Growth, Diversity and Prosperity”.
The Annual Investment Meeting (AIM) is the Middle East region’s premier emerging markets FDI-focused event that provides participants with a comprehensive overview of the investment environment in high growth regions. This landmark annual event attracts a mix of high-profile government officials, C level private sector executives, high net-worth individuals and project promoters from across the globe.
In the margins of the summit, AIM Global 2023 hosted the AIM Investment Awards on 8 th May 2023 at the Emirates Palace Mandarin Oriental Hotel in Abu Dhabi. During the award ceremony, AIM put forward the best FDI projects in each region highlighting country achievements in attracting sizable and sustainable investment projects that substantially contribute to economic growth and development of their markets.
The EDB secured this award for the submission of a project in the renewable energy space blending FDI, sustainability, import substitution and inclusiveness.
Mr. Issa Soormally, the Vice Chairman of the EDB, made the following statement upon collecting the AIM award 2023: “The Economic Development Board Mauritius takes great pride in being awarded this prestigious accolade for the second consecutive year. It is a significant honour for Mauritius, as it demonstrates the Government’s commitment and leadership, the diligent efforts of the Board of Directors, CEO, DCEO, and the entire EDB team.
The year 2023 marks a period of rejuvenation for the country, as evidenced by the remarkable increase in foreign direct investment (FDI), surging from 14.5 billion to 27 billion. This growth not only showcases the resilience of the private sector but also underscores the contribution of the EDB towards the nation’s economic advancement. This progress has been made possible through the guidance and foresight of our parent ministry, the Ministry of Finance, Economic Planning and Development.
Additionally, the establishment of our office in Dubai has played a crucial role in leveraging the extensive network of trade and investment opportunities within the region. By capitalizing on Dubai’s global connectivity and robust logistics infrastructure, Mauritian enterprises are now able to access new customer bases in the Middle East, Africa, and Asia.”