Promotion and Development Limited (PAD), established in Mauritius on August 23, 1984, is a publicly listed company. PAD’s main activities involve investing in shares, real estate development, and providing services associated with such activities. PAD is an associate company of Fincorp Investment Ltd, a subsidiary of the MCB Group.

PAD represents an investment with strong potential for long-term capital growth. The investment portfolio deliberately leans towards property, known for its long-term capital nature. PAD holds a majority stake in Caudan, the developer of the prestigious waterfront project, with an effective ownership of 62.90%. Caudan owns waterfront property in Port Louis.

Medine has developed a 20-year master plan (2005-2025) for the sustainable and integrated development of its unique 3,000-hectare land reserve on the west coast of Mauritius. Since 1995, Mauritius Freeport Development (MFD) has entered into a 60-year build-operate-transfer (BOT) agreement with the government to develop a 25-hectare zone in the freeport.

PAD plays a significant role in property development and strategic investments in Mauritius, leveraging its partnerships and long-term vision for sustainable growth.