Foreign investments reach US$ 1,870.9 million

The Export and Investment Center of the Dominican Republic (ProDominicana) reported that Foreign Direct Investment (FDI) reached US 1,870.9 million between January and June 2022. This represents an expansion of 8.0 % compared to the same period of 2021 and 20 % compared to the first half of 2019, prepandemia.

“The growth experienced in foreign direct investment in the Dominican Republic is an indicator of investor confidence in our economy. And to a large extent we can attribute this expansion to the climate of social, economic and political stability that we have maintained, combined with actions of openness and facilitation for investment,” explained Biviana Riveiro, executive director of ProDominicana.

“Thanks to the efforts and strategies we are carrying out to promote the country, our expectations of attracting FDI represent an amount equivalent to US $3.5 billion by the end of the year,” added Riveiro.

He also pointed out that we are constantly working to attract more and better investments and that the growth experienced in investment is consistent with the dynamization of the portfolio of services offered by ProDominicana.

ProDominicanaIn this regard, during the period January-June 2022, the institution offered 179 assistance services to investors and potential investors for the installation, development and expansion of investment projects. Likewise, in the first half of the year, 13 new investment projects were established. The expansion of investments established in the country and participation in five international events to attract FDI were also promoted.

The sectors that mobilized the greatest flow of FDI in the period from January to June 2022 are tourism, commerce and industry, mining and real estate. The countries from which the largest amount of investments came from are the United States, Canada and Mexico, respectively.

It should be noted that the data provided by ProDominicana comes from the Central Bank of the Dominican Republic. For further details, you can review the Datamarket platform that ProDominicana makes available to the public.

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