Foreign Direct Investment in Seychelles for the January to March period topped $35 million, an increase of 26 percent compared to the same period last year, said a top official of the Investment Board.
The chief executive of the Seychelles Investment Board, Cindy Vidot, said this result shows confidence in a small but growing economy whereby investors are showing more willingness to invest in Seychelles.
The increase is the highest performance for the first three months since 2016, following the introduction of a moratorium on large hotel developments in Seychelles.
The moratorium on large hotel projects except those already approved by the government was announced by Seychelles’ former President James Michel during the Independence Day celebrations on June 29, 2015.
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Source: Seychelles News Agency
