Founded in 1911, Medine Limited is listed on the Stock Exchange of Mauritius with a market capitalisation of Rs 10 billion (Euro 244 million).
On the verge of celebrating a century of existence, the company is acknowledged as a major player in the socio-economic development of Mauritius and has taken an active role in shaping the western landscape of the island.
Medine Limited has undergone a rebranding exercise in 2009. The new identity reflects the current ambition of this visionary and pioneer entity whose activities have been restructured into three distinct clusters:
- Medine Property develops the property portfolio of the company.
- Medine Agriculture is injecting a new momentum to the agricultural activities of the Group through a modernisation and diversification programme.
- Medine Leisure manages, operates and develops the leisure activities of the Group, including the Casela leisure hub.
A profoundly changing economic context, namely with the slashing of EU sugar prices, led to a rethinking of Medine’s strategy. Our Medine Masterplan was launched in 2006 and since then, the company has embarked on a transition process from a mainly sugar-based activity to a more diversified range of activities. In parallel, the sugar-related activity is being modernised.
The Medine Masterplan is our blue-print for the integrated development of the 10,700 hectares of land owned by Medine, stretching from the west coast of the island to the Plaines Wilhems area, over the next 20 years.
The new company structure, its innovative spirit and vision of integrated development will act as the driving force for future growth.