President Luis Abinader declared this Thursday that foreign direct investment in the Dominican Republic exceeded 4 billion dollars, while assuring that there is no better place to invest than in the country.
Likewise, the president affirmed that a promising future is already in sight, since this growth trend is being maintained.
“In fact, projections indicate that by the end of 2024, we will reach 4.5 billion dollars in foreign direct investment, an unprecedented figure in the economic history of the country,” said President Abinader.
These words were pronounced by the head of state during an event organized by the Center for Export and Investment of the Dominican Republic (ProDominicana), where 11 companies of foreign capital were recognized for their contributions to the Dominican economy, through the generation of jobs, foreign exchange, technology transfer, promotion of exports, as well as the increase of international competitiveness.
“This is the Dominican moment. There is no better place to invest than here. I assure you, the data certify it and you have already proven it,” said the President.
In this sense, he said that this government has launched several initiatives and projects that seek to further improve the investment climate and generate greater opportunities for the country.
Among these initiatives, he highlighted the National Plan for the Promotion of Exports, the National Artificial Intelligence Strategy, the National Innovation Policy, the National Strategy for the Export of Modern Services, as well as the Zero Bureaucracy program and the Single Window for Investment initiative, coordinated by ProDominicana.
“Our commitment is firm and our objective is clear: to be your ally on the road to success and to convert the potential of the Dominican Republic into a present that we can all enjoy,” said the President.
On his side, the Minister of Industry, Commerce and Mipymes, Víctor (Ito) Bisonó Haza, said that today we are the seventh largest economy in all of Latin America and the Caribbean, with a growth projection of 5.4% for this 2024, according to the IMF. “This positions us as the country that will experience the highest economic growth in the entire Western Hemisphere.”
He also added that, “this success is reflected in the more than 198,000 direct jobs generated that cascade into 2.5 indirect jobs for every direct job, that is, some 495,000 more jobs; which means that this sector impacts some 700,000 Dominicans and represents more than 8,000 million dollars in exports that reach 140 countries around the world”.
Meanwhile, the executive director of ProDominicana, Biviana Riveiro Disla, said that the recognition of these companies is a sign of the commitment and confidence they have in the Dominican Republic.
“Their investment not only boosts our economic growth, but also generates quality employment and fosters sustainable development. These companies are an example of how foreign investment can positively transform a country’s economy and society,” said the official.
The event included the special participation of Ismail Ersahin, executive director of the World Association of Investment Promotion Agencies (WAIPA).
Honorees
The awards were given to companies that have stood out for their stability and strength in the Dominican economy.
Among those recognized were: Bepensa Dominicana, LY Company Caribe, Medtronic (Davis & Geck Caribe), Tabacalera de García SAS, Ecoener Fotovoltaica Dominicana and Citibank República Dominicana.
Also, Towers & Sites Dominicana, Grupo Roble, Grupo Martinón, ITM Group and Major League Baseball (DR).
Present
The ministers of the Presidency, Joel Santos; of Economy, Planning and Development, Pavel Isa; of Sports, Francisco Camacho; the governor of the Central Bank, Héctor Valdez Albizu; the ambassador of Spain, Antonio Pérez Hernández; the superintendents of Banks, Alejandro Fernández; of Securities, Ernesto Bournigal; the president of the Board of Indotel, Nelson Arroyo; the directors, of CABEI, Hector Rizik; of the National Council of Free Export Zones, Daniel Liranzo; the commissioner of baseball, Junior Noboa; and the general manager of Bandex, Juan Mustafa; among others.
Source:Presidencia.gob.do
