{"id":6968,"date":"2021-12-29T15:49:51","date_gmt":"2021-12-29T15:49:51","guid":{"rendered":"https:\/\/dmklawyers.com\/?p=6968"},"modified":"2022-05-10T12:40:49","modified_gmt":"2022-05-10T12:40:49","slug":"tourism-and-real-estate-with-more-foreign-direct-investment-in-abinaders-government","status":"publish","type":"post","link":"https:\/\/dmklawyers.com\/en\/tourism-and-real-estate-with-more-foreign-direct-investment-in-abinaders-government\/","title":{"rendered":"Tourism and real estate, with more foreign direct investment in Abinader’s government"},"content":{"rendered":"\n

The largest amounts in the flow of foreign direct investment under Luis Abinader\u00b4s government are being channeled to a great extent into the tourism and real estate sectors, followed by energy, commerce and industry and free zones.<\/p>\n\n\n\n

Among the most recent foreign investments, the new Ta\u00edno Bay cruise and cargo terminal stands out, inaugurated last Wednesday in Puerto Plata, with an investment of US$80 million dollars in a first stage. The project \u2013 which was launched under Danilo Medina\u00b4s administration \u2013 was a public-private partnership with the Mexican company ITM Group.<\/p>\n\n\n\n

On the day, Abinader also attended the reopening of the Senator hotel, a Spanish investment in Maim\u00f3n, and later in Sos\u00faa spoke with the investors of The Ocean Club, Luxury Collection Resort project, part of the American chain Marriott.<\/p>\n\n\n\n

The flow of foreign direct investment totaled about US$2,554.3 million in 2020, down from US$3,021 million in 2019, a pre-pandemic year.<\/p>\n\n\n\n

The figures compiled by the Central Bank also indicate that between January-June of this year, that flow totaled US$1,740.9 million.<\/p>\n\n\n\n

Where are the investments from?<\/strong><\/h2>\n\n\n\n

The USA has been the source of the largest flow of foreign direct investment in the Dominican Republic in the last two years, a trend also recorded in 2018 and 2019.<\/p>\n\n\n\n

In 2020 and up to June of this year, the USA provided US$1,564.2 million in investments, accounting for 36.42% of the total.<\/p>\n\n\n\n

Second in line is Mexico, with US$572.7 million and 13.33% of total investment flows. In 2019 it was also in second place, although in 2018 it was not among the main investors.<\/p>\n\n\n\n

Mauricio Hamui,CEO of the Mexican company ITM  Group, reported that the new terminal that opened in Puerto Plata last Wednesday creates more than 1,700 direct jobs and 3,500 indirect jobs.<\/p>\n\n\n\n

Spain, a country that has historically invested in the Dominican tourism sector, is the third largest source of foreign investment in Abinader’s government, accounting for 7.01% during the same period. That position was also held in 2019.<\/p>\n\n\n\n

Other source countries for foreign investment include Canada, Grand Cayman, UK, Switzerland, Holland, Italy, France, Denmark, Germany, Panama, British Virgin Islands, Venezuela, Colombia, Brazil.<\/p>\n","protected":false},"excerpt":{"rendered":"

The largest amounts in the flow of foreign direct investment under Luis Abinader\u00b4s government are being channeled to a great extent into the tourism and real estate sectors, followed by energy, commerce and industry and free zones. Among the most…<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[149],"tags":[134,132],"class_list":["post-6968","post","type-post","status-publish","format-standard","hentry","category-investment-in-dr","tag-property","tag-tourism"],"acf":[],"yoast_head":"\nTourism and real estate, with more foreign direct investment in Abinader's government - DMK Abogados<\/title>\n<meta name=\"description\" content=\"Tourism and real estate, with more foreign direct investment in Abinader's government\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dmklawyers.com\/en\/tourism-and-real-estate-with-more-foreign-direct-investment-in-abinaders-government\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tourism and real estate, with more foreign direct investment in Abinader's government - 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