2013-2016

Oct
10
2016

One of the key investments of Promotion and Development is Mauritius Freeport Development. Built under a 60 year BOT with government, this investment was always to be one characterised by 20 years of pain followed by 40 years of gain. Indeed, the early years were trying times, but PAD is now reaping the fruits of its diligence and patience as the activities of the port emulate the GDP growth of the island.
The sugar-cane industry in Mauritius and around the world has faced major challenges over the last decade. A such, Medine underwent a strategic rebranding exercise back in 2007. In 2015, government, in a bid to boost employment and infrastructure development, presented attractive incentives for companies to develop Smart Cities in line with the 2030 Smart Mauritius vision. In line with this vision, Medine is developing the first Smart City of the west coast centered around the theme of education. The Medine Education Village has so far managed to attract world-class leading tertiary institutions such as ESSEC Business School and L’école Supérieure d’Architectures de Nantes amongst others.
In 2016, PAD disposed of its entire investment in New Mauritius Hotels at a rate consistent with PAD’s forward-looking valuation of the company, which happened to be at a significant premium to the market value of the shares.
The island’s capital Port Louis has over the years faced increased stress as its infrastructure has failed to cope with the pressures of rapid urbanisation. Indeed, overcrowding, poor traffic flow, poverty patches have become the norm. PAD has been deeply involved in a regeneration program to bring new life into the capital. Recent artistic events such as Porlwi by Light has shown us that there is a deep seeded love for the old town and with the initiatives being currently worked on, we intend to re-ignite this old flame.

One of the key investments of Promotion and Development is Mauritius Freeport Development. Built under a 60 year BOT with government, this investment was always to be one characterised by 20 years of pain followed by 40 years of gain. Indeed, the early years were trying times, but PAD is now reaping the fruits of its diligence and patience as the activities of the port emulate the GDP growth of the island.
The sugar-cane industry in Mauritius and around the world has faced major challenges over the last decade. A such, Medine underwent a strategic rebranding exercise back in 2007. In 2015, government, in a bid to boost employment and infrastructure development, presented attractive incentives for companies to develop Smart Cities in line with the 2030 Smart Mauritius vision. In line with this vision, Medine is developing the first Smart City of the west coast centered around the theme of education. The Medine Education Village has so far managed to attract world-class leading tertiary institutions such as ESSEC Business School and L’école Supérieure d’Architectures de Nantes amongst others.
In 2016, PAD disposed of its entire investment in New Mauritius Hotels at a rate consistent with PAD’s forward-looking valuation of the company, which happened to be at a significant premium to the market value of the shares.
The island’s capital Port Louis has over the years faced increased stress as its infrastructure has failed to cope with the pressures of rapid urbanisation. Indeed, overcrowding, poor traffic flow, poverty patches have become the norm. PAD has been deeply involved in a regeneration program to bring new life into the capital. Recent artistic events such as Porlwi by Light has shown us that there is a deep seeded love for the old town and with the initiatives being currently worked on, we intend to re-ignite this old flame.