Bisonó highlights favorable investment climate in Dominican Republic

Minister of Industry, Commerce and Mipymes Víctor -Ito-Bisonó reiterated that the Dominican Republic has all the necessary conditions to continue attracting new investments and businesses thanks to the favorable climate and the vision of President Luis Abinader to create better mechanisms for entrepreneurs and investors to continue developing their businesses on Dominican soil.

Bisonó spoke during the inauguration of two industrial buildings of different rum factories, in acts led by President Luis Abinader in the Industrial Free Zone of San Pedro de Macorís.

The first inauguration of the day was the expansion of the Aging Warehouses and the workshop for the recovery and reconstruction of barrels of Rones y Bebidas del Caribe Yazoo, where the official highlighted that the confidence of the private sector to continue investing and developing projects on Dominican soil was demonstrated.

“Thanks to the vision of President Abinader’s government and the conditions that exist in our country, the Dominican Republic continues to strengthen as an ideal investment destination,” added Bisonó.

Meanwhile, Luis Enrique Yaver, president of Rones y Bebidas del Caribe Yazoo said that, thanks to sustained growth, the company exports in bulk to more than 55 countries and produces more than 375 different products being a country brand internationally.

During 2022 Yazoo exported more than US$20 million, representing 95% of its sales. The new industrial buildings are built on 6,400 square meters of land, with an investment of 1,45 million pesos and generate 50 new direct jobs. In this sense, the director of Proindustria, Ulises Rodríguez, highlighted the generation of jobs in the industrial park of San Pedro de Macorís, thanks to the support of President Luis Abinader and the private sector.

The second inauguration ceremony was a new industrial building of the company Ron Barceló, in the same industrial park.

Here Bisonó emphasized that the Ministry of Industry, Commerce and SMEs is actively working to design public policies that support with concrete actions the strengthening of the country’s business climate, attracting more investments.

In this regard, he highlighted the growth of Ron Barceló’s sales by more than 50% in the last three years with the export of 85% of its production.

Alberto Nogueira, director of Ron Barceló, said that in this expansion an investment of US$10.5 million was made, including the warehouse, barrels and alcohol. He also indicated that production capacity was increased by 24%.

“Our products have made us worthy of being the most exported dark rum in the world, selling to more than 90 countries. In addition, they represent the best-selling spirits brand in Spain, both in value and in cases,” he said.

In addition to Minister Bisonó, President Luis Abinader was accompanied by Daniel Liranzo, executive director of the National Council of Free Export Zones; Jose Ulises Rodríguez, director of Proindustria; Nelson Arroyo, director of the Dominican Telecommunications Institute (INDOTEL) and Rafael Burgos Gómez, director of National Assets and the State Sugar Council.

Also present were Mario Pujol, executive vice-president of the Association of Industries of the Dominican Republic (AIRD); Aracelis Villanueva, provincial governor of San Pedro de Macorís and Raymundo Ortiz, mayor of the Municipality of San Pedro de Macorís, among other personalities.



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