Challenge to reduce environmental impact and enhance the resilience

The construction sector in Mauritius is a significant contributor to the country’s economic development. Substantial growth was observed in 2023 and the projections indicate sustained expansion in 2024. According to Statistics Mauritius, the construction sector encompasses a range of activities including residential and non-residential building, civil engineering, and specialized construction activities.

In 2023, 6,657 building permits were delivered for residential buildings (either new or additions) summing up to a record floor surface of 1,809,630 square meters. For non-residential buildings, 501 permits were delivered for total floor surface of 525 919 square meters.

The sector faces challenges such as rising material costs, supply chain disruptions, and the need for continuous innovation. However, the government’s focus on infrastructure development and strategic investments in housing and public amenities contribute to drive growth. Moreover, international institutions like the World Bank emphasize the importance of sustainable construction practices. According to the World Bank’s 2023 report, “adopting green building practices is essential for reducing environmental impact and enhancing the resilience of the construction sector.”

In 2023, The United Basalt Products Ltd (UBP) emerged as the top performer with a turnover of Rs 5,118.2 million and a profit before tax (PBT) of Rs 197 million. Larsen & Toubro followed closely with a turnover of Rs 4,985.2 million and an impressive PBT of Rs 2,121.5 million, showcasing its strong market presence and operational efficiency. Transinvest Construction Ltd reported a turnover of Rs 3,299.6 million and a PBT of Rs 178.6 million, reflecting robust financial health.

Bhunjun & Sons Ltd achieved a notable turnover of Rs 3,148 million, although their PBT figures were not available. REHM Grinaker Construction Co. Ltd reported a turnover of Rs 2,685.8 million and a PBT of Rs 33.1 million, highlighting its consistent performance in the sector. General Construction Co. Ltd also demonstrated solid results with a turnover of Rs 2,656 million and a PBT of Rs 121.1 million.

Additionally, Gamma Construction Ltd achieved a turnover of Rs 2,615.1 million and a PBT of Rs 129.9 million. Kolos Cement Ltd and Cementis reported turnovers of Rs 2,536 million and Rs 2,115.3 million, with PBTs of Rs 12 million and Rs 21.4 million, respectively. Gamma Materials Ltd showcased remarkable profitability with a turnover of Rs 2,063.1 million and a PBT of Rs 334.6 million.