The Minister of Energy and Mines highlights FDI amounting to 826.9 million dollars, according to Central Bank data
The energy sector led the flow of Foreign Direct Investment (FDI) for the third consecutive quarter of 2023, amounting to US$826.9 million, making it the fastest-growing sector in this period, according to data provided by the Central Bank of the Dominican Republic.
Reviewing the data in the report, Energy and Mines Minister (MEM), Antonio Almonte, said that the energy sector received the most foreign direct investment flows in the first nine months of 2023, surpassing leading sectors for capturing FDI such as tourism, and trade and industry.
The official said that in the January-September period, FDI in energy continued the leadership shown in the first half (January-June), where it accounted for 27% of total investments, and that the growth in this sector amounting to US$826.9 million, is equivalent to 24.46% of total FDI in the first nine months of 2023.
He indicated that the extraordinary performance shown by the energy sector is a sign of foreign investors’ confidence in the current government management, given the unprecedented sum of FDI that has entered the country in the energy sector, which could exceed one billion dollars by the end of 2023.
Source: