The first quarter of 2024 saw foreign direct investment reaching US$1,280.9 million.
Real estate, communications, and tourism were the main contributors to the 2.4% increase in real estate, communications, and tourism, as Biviana Riveiro of ProDominicana reported a record $1,280.9 million in FDI for Q1 2024. The Dominican Republic keeps improving its investment climate and attracts high-value sectors.
Biviana Riveiro, Executive Director of ProDominicana, announced that Foreign Direct Investment (FDI) in the Dominican Republic reached $1,280.9 million in the first quarter of 2024, marking a 2.4% year-on-year increase and making it the best January-March period for FDI. The success of the government’s clear policies and promotion efforts is reflected in this. Real estate, communications, and tourism are the sectors that are driving this growth. By the end of 2024, ProDominicana anticipates that FDI will amount to around $4.5 billion, which will enhance exchange rate stability and economic resilience. The country continues to foster a favorable business environment through the Zero Bureaucracy Program and international promotion initiatives, aiming to attract high-value, innovative sectors such as the electromechanical industry, automotive, medical devices, agribusiness, and modern services.