Growth in the logistics sector
Recent policy changes, such as the elimination of a tax on jet fuel for cargo planes, are helping the Dominican Republic to enhance its position as a logistics hub. This development is intended to improve the country’s logistic capabilities, which makes it an ideal location for businesses seeking to set up a regional distribution center.
Capital Courtship Foreign investment in the Dominic Republic is on the rise – especially in energy, tourism and logistics. The government is taking measures to attract more flows and obtain an investment grade credit rating.
Dominican Republic Sets New Investment Records
Foreign direct investment (FDI) in the Dominican Republic reached $4.4 billion last year, second only to Mexico in Latin America and the Caribbean, marking a 9.2% increase from the previous year. The central bank is anticipating a similar increase this year due to ongoing investments in tourism and energy.
The tourism industry is expanding
Since 2010, the tourism sector has contributed 23% of all FDI, and now there are over 11,000 hotel rooms under construction. Banreservas, the biggest bank in the nation, has provided funding for numerous hotel projects, which include significant developments in Cap Cana and Miches.
Notable Investments
The New Four Seasons Resort and Residences in Miches, which was financed by IDB Invest and local banks, is one of the significant projects that are underway, and the Punta Bergantin development in Puerto Plata is also under construction. These investments highlight the country’s stable political climate, attractive macro fundamentals, and strategic geographical position.