UNCTAD Awards EDB Mauritius for Pioneering Initiatives to Facilitate Investment in Blue Economy
21 Oct 2021
The winners of the United Nations Investment Promotion Awards were announced at a special ceremony during UNCTAD’s 7th World Investment Forum (WIF), held virtually from 18 to 22 October 2021 , attended by thousands of investment stakeholders from around the globe.
The Economic Development Board (EDB) of Mauritius was bestowed with a special award for innovative and impactful initiatives undertaken to facilitate and promote investment in the blue economy sector.
Mr James Zhan, Senior Director of Investment and Enterprise at UNCTAD, stated that EDB Mauritius has been at the forefront to develop strategies in line with the government vision and objectives to attract investment for the exploitation, preservation and regeneration of the marine environment as well as effectively implemented dedicated webpages with sustainable investment opportunities in ocean and coastal resources. Additionally, EDB Mauritius was also recognized for regularly sharing experience and expertise with counterparts and partners.
“To promote the SDG goals, Mauritius is laying lots of emphasis on the renewable energy sector, Ocean economy and climate change by developing frameworks for inception of such projects. EDB plays an essential role in the development of the Ocean Economy with a dedicated team responsible for consolidation of established activities such as fishing, seafood processing and port services, fostering emerging activities including maritime services and aquaculture, and nurturing nascent sectors comprising marine biotechnologies, marine renewable energies and, hydrocarbon and mineral exploration among others. The Ocean Economy today represents over USD 700 million of exports and re-exports of Mauritius” stated Mr Ken Poonoosamy, CEO of the Economic Development Board of Mauritius while expressing his appreciation for this recognition from the United Nations.