Retail development offers retail spaces, which can be cyclical and involve multiple stages. Retail development which comes under the category of commercial real estate development can include new stores, shopping centers, or other retail spaces.
Retail development significantly contributes to the generation of tax revenue for the government. Through sales taxes, property taxes, and other levies, the retail sector becomes a reliable source of revenue for public services such as healthcare, education, and supports the overall infrastructure development market.
Why Buy or Invest in New Real Estate Developments in Mauritania.
Mauritania is strategically located in West Africa, with access to both the Atlantic Ocean and major trade routes. The country's location makes it an important regional hub for trade, transportation, and logistics. This could increase the demand for commercial and industrial real estate as businesses look to establish a presence in Mauritania.
While Mauritania's real estate market is still developing, it presents opportunities for early investors. There is growing demand for modern infrastructure, especially in major cities like Nouakchott (the capital) and Nouadhibou. There is also a demand for affordable housing, commercial properties, and hotels to accommodate increasing population growth and tourism.
Mauritania, with its historical sites, unique desert landscapes, and proximity to the Atlantic Ocean, has the potential to become a growing tourist destination. Real estate developments catering to the hospitality sector (hotels, resorts, etc.) could benefit from this increasing tourism potential in the long term.
Mauritania is rich in natural resources, especially minerals and oil, which attracts international investment. The booming resource extraction sector can lead to increased demand for housing and commercial spaces to support workers and businesses in the area.
Mauritania has set up various incentives for foreign investors, such as tax exemptions, customs exemptions, and a relatively simple process for registering businesses and real estate transactions. This makes it easier for international investors to enter the market.
