In 2022, Dominican Republic reached the unprecedented record figure of US$4,010.4 million in foreign direct investment (FDI), for a year-on-year growth of US$813.6 million (25.5%) during the period.
The information was offered by the executive director of Prodominicana, Biviana Riveiro, who attributed the good investment performance to the social, legal, and political policies, and economic stability promoted by the Government of President Luis Abinader.
She stressed that these policies have positioned the country as a logistics “hub” due to high connectivity and routes, which is anchored in an economy in constant growth in important strategic sectors such as energy, tourism, free zones and commerce, real estate, and telecommunications, which has attracted the interest of investors from around the world.
Riveiro pointed out that the demand for accompaniment and advisory services to companies and foreign missions in Prodominicana has increased substantially and that there has been a substantial 360% improvement in them, ranging from the availability of useful information, the structuring of the investment portfolio and the implementation of the innovative Single Investment Window (VUIRD) of world reference.
“All these initiatives that we have deployed have meant that Prodominicana has gained international recognition as a cutting-edge promotion agency. We are one of the recognized agencies in Latin America and the Caribbean with the Global 2023 Investment Award of the Annual Investment Meeting (AIM) organized by the United Arab Emirates Government,” he said.
“We remain committed to continuing to foster a business-friendly environment, working with investors and stakeholders to ensure that the country remains an attractive and competitive destination for Foreign Direct Investment,” Riveiro explained.
Regarding the growth of FDI in the country, Riveiro said that the tourism sector played an important role in the growth of FDI flows in the Dominican Republic.
She specified that tourism remained a leading sector with an investment of more than US $ 1,000 million for the first time in history, representing 25% of total FDI flows during 2022.
She highlighted that the energy sector accumulated the highest absolute growth of an additional US $ 475.2 million and a total captured of US $ 753.4 million last year, followed by the growth of the trade/industry sector with absolute growth of US$292.1 million and a total value received of US$599.5 million, in terms of importance, according to the executive director of Prodominicana, who relied on figures from the Dominican Central Bank.
Source:
Hoy
