REAL ESTATE GUIDE FOREIGN INVESTMENT IN DOMINICAN REPUBLIC

http://www3.diariolibre.com/noticias_det.php?id=10770

April 01 2008

Tourism and real estate guide foreign investment in the Dominican Republic.
Last year, FDI grew by 43% in 2007.

SANTO DOMINGO. Driven by tourism and real estate, foreign direct investment (FDI) last year grew 43%, from $1,183.4 million in 2006 to $1,698 million.
While in the past two years (2005 to 2007), foreign direct investment grew by 60% over the period 2002-2004, according to a report from the Center for Export and Investment of the Dominican Republic (Centro de Exportación e Inversión de República Dominicana) (CEI-RD).
Among the fastest growing sectors for foreign investment is tourism, with major projects such as Cap Cana, hotels Ritz Carlton, Four Seasons, Westin Rocco Ki, Macao Caribe Beach, among others.
Also FDI had in the telecommunications sector a good growth, being one of the most dynamic. Investments in this sector come from the companies Claro-Codetel, Orange Dominican, Tricom and Centennial. While the next sectors represent big business opportunities with great attraction of foreign direct investment, renewable energy, free-duty zones, mining, financial, commercial, construction, and and Call Centers.
The countries of origin of investments are the United States, the main trading partner of the Dominican Republic, with a share of $1,946.4 million from 2002 to 2006. Also, Spain, Canada, Grand Cayman, England, Switzerland, Holland and France, according to the report of CEI-RD.
In 2003 there was a decline in investment, but from 2005 trust returned to the American investors to the country.

By Jose Javier.





Foreign Direct Investment flow