Abinader lists key factors for investing in the DR before Spanish businessmen
Dominican President Luis Abinader listed before Spanish businessmen the multiple business opportunities that the Dominican Republic offers, which are the reasons that it has become the first investment destination in the Caribbean.
“We are convinced that this is the best time to invest in the Dominican Republic: this is an ideal setting for them to learn more about our country and, especially, about various specific projects, certain sectors defined as priorities in terms of impact on development. national”, he said at the Gabriela Mistral amphitheater of Casa América.
The president, who is completing an official visit to Spain, spoke to executive presidents of Spanish companies with a presence in the country and of strategic sectors of interest for national development.
He stressed that the vision of his government is to maintain macroeconomic and political stability to guarantee a favorable climate for doing business, in a country with the best attractions in the Caribbean.
He argued that economic, social, and political stability has been key to maintaining legal security, the dynamism of economic growth, and maintaining an attractive business climate for foreign investors.
Another of the key factors that he cited is a solid legal framework, which not only offers legal security to foreign investors but also a set of incentives and tax exemptions that allow them to efficiently remunerate their investments.
“With regard to the Dominican economy, the data reflect positive growth in the last 25 years, with an annual average of 5.1%, considered one of the highest rates in all of Latin America and the Caribbean”, said Abinader.
President Abinader highlighted that the Dominican Republic has a wide physical infrastructure, developed and adjusted to the requirements of a society focused on the production and commercialization of goods and services, with eight international airports, 320 daily flights, 12 cargo ports, and three cruise ports.
He said that they defined the following as strategic and priority sectors for investment: tourism, energy, public works, water management, real estate, the free zone industry, and commerce.
Among the public projects, he cited seven national priorities: The Port of Manzanillo; the construction of the amber Santiago Puerto-Plata highway; the Pedernales Province Tourism Development project; the Agroindustrial Export Park; the Digital Medical Record; Economic housing construction, and another on Optimization of Underground Pipes and Cables.