The mining and power generation industries account for 30% of foreign investments in the DR.
The mining sector has contributed more than 1.8% of the Dominican Gross Domestic Product (GDP) in the last 10 years, as well as generating thousands of direct and indirect jobs, affirmed the American Chamber of Commerce of the Dominican Republic (Amchamdr).
The entity also highlighted the contribution to development made by the electricity industry, an essential companion of the economic growth experienced by the country and which, together with mining, represents a significant portion of foreign direct investment.
The president of the entity, Edwin de los Santos, offered this information during the Amchamdr luncheon conference, in which the Minister of Energy and Mines, Antonio Almonte, was the special guest and speaker.
“The Dominican mining and electricity generation industries have important elements as a whole, such as, for example, representing 30% of foreign investments in the last decade, and both sectors are annually among the 10 largest contributors to the Dominican Republic’s treasury, according to data from the General Directorate of Internal Taxes,” he said.
De los Santos highlighted the positive impact of mining production in certain provinces, such as Sánchez Ramírez and Monseñor Nouel, where the mining industry has contributed significantly to human development, improving key indicators such as formal employment, access to housing, health coverage, and reduction of extreme poverty.
He said that it is essential to ensure the preservation of the public policies that have enabled these economic success stories for the country.
Source:
