Four countries account for half of the foreign investment in the DR

Four countries account for half of all foreign direct investment (FDI) received by the Dominican Republic in the last decade, among which the United States stands out with a contribution of more than a quarter of the amounts invested.

This is stated in a report by the Dominican Republic Export and Investment Center (ProDominicana), where it indicates that from 2013 to April of this year, FDI in local territory totals US$28,776 million, of which, 49.7% comes from the United States, Canada, Spain and Mexico.

The United States is not only the main foreign investor in the Dominican Republic, but the contributions of its businessmen here are more than a quarter (26.3%), with US$7,773 million of capital in various productive and service areas of the country.

In second position is Canada, since in the last decade businessmen from that nation have invested here US$2,853 million, for 9.6%.

The third source of foreign investment in the Dominican Republic comes from businessmen from Spain with an accumulated US$2,117 million, which represents 7.2% of the total captured by this concept.

The fourth place is occupied by investments from Mexico, with 6.5%, expressed in an amount of US$1,929 million.

FDI is the Dominican Republic’s fourth largest source of foreign exchange after remittances, exports and tourism.

Source: Eldinero.com

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