According to the Export and Investment Center of the Dominican Republic (ProDominicana) report, Foreign Direct Investment (FDI) in the Dominican Republic totaled US$1,870.9 million in the months of January-June 2022, with the tourism sector as the main recipient.
This means an 8.0% expansion compared to the same period in 2021, and 20% compared to the first half of 2019, before the pandemic.
“The growth in foreign direct investment in the Dominican Republic is an indicator of investor confidence in our economy. And to a great extent we can attribute this expansion to the climate of social, economic, and political stability that we have maintained, combined with steps to open up and facilitate investment”, explained Biviana Riveiro, executive director of ProDominicana.
“Thanks to the current efforts and schemes to promote the country, we expect to attract around US 3.5 billion in FDI by the end of the year,” added Riveiro.
He also pointed out that efforts are ongoing to attract more, and better investments and the growth seen in investment is consistent with the revitalization of the portfolio of services offered by ProDominicana.
During the period January-June 2022, the institution helped 179 investors and potential investors to set up, development and expand investment projects. In addition to fostering the expansion of existing investments and participation in five international events to attract FDI, 13 new investment projects were set up during this period.
The sectors accounting for the greatest flow FDI from January to June 2022 were tourism, commerce and industry, mining, and real estate. The countries contributing the largest amount in investments were the USA, Canada and Mexico, respectively.
Source:
Resumen Turismo
