Grupo Punta Cana gave the first step for the construction of the main air, sea, and land logistics center, a free zone park, and the expansion of Terminal B of the Punta Cana International Airport.
“True to the commitment to work for the economic and social progress of the Dominican Republic, through the Punta Cana Free Trade Zone and expansion of terminal B of the Punta Cana International Airport, we present two initiatives that project the vision of the future with which We are committed to the development of the country. We continue to imagine more”, said Frank Elías Rainieri, president and CEO of Grupo Puntacana.
The Punta Cana Free Trade Zone (PCFTZ), of the Puntacana Group, will have an estimated investment of US$200 million and will house cargo logistics operations and offices for the development of the Punta Cana Hub aimed at innovation and development of fintech companies.
According to official data, the work will have an area of 546,617.45 square meters of land.
The project will contribute to the economic growth of the area, creating more than 10,000 jobs and positioning Punta Cana and the Dominican Republic as leaders in international trade and foreign investment.
Rainieri said that the expansion of terminal B of the Punta Cana International Airport will be done with an investment of US $ 80,000,000 with the capacity to mobilize three million passengers.
He added that this project will have an area of about 25,000 square meters and will have seven gates, as well as seven air bridges.
He pointed out that the completion of the construction is estimated for November of this year 2022 and that the expansion is already in the hands of local architects and engineers.
The tourism leader explained that Terminal B will be ready to receive the immigration and customs pre-check service for the United States “which we are sure will be approved due to the competitive advantages it offers the Dominican Republic as a tourist and investment destination.”
“Today I say it with much more certainty and security. Today is the best time to invest in the Dominican Republic”, said Dominican President Luis Abinader said at the activity.
He added that the country is open to investment, to job creation, to improving each of the services and to promoting each of the sectors to work together.