Mitur: investment in tourism real estate amounts to US$10,799 million

Investments in tourism construction amount to US$10,799 million in the Dominican Republic, with real estate leading the list of projects.

So far, there are 187 investment projects approved by the Tourism Development Council (Confotur), according to the Vice Minister of Tourism, Jacqueline Mora.

During a master conference on the growth of real estate tourism in the country, within the framework of the second Expo Forum of Culture, Strategies, Business and Innovation (CENI) in Santiago, the official detailed that the main line of investment is real estate, with 4,527 million dollars.

She informed that this is followed by the hotel industry in second place, with 4,444 million dollars and infrastructure occupies the third place, with 756 million dollars.

The Vice Minister of Tourism stated that the accumulated foreign direct investment in the tourism and real estate sectors is equivalent to 37% of the total accumulated foreign investment in 2022, equivalent to 13,144 million dollars.

Likewise, when analyzing these and other indicators, he stressed that we must continue to encourage the tourism and construction sectors, which, together with other priority sectors of the economy, will continue to develop, as they represent the future of the country.

“Construction has been one of the great protagonists in recent years; there is no tourism without infrastructure and the Heart City has been a pioneer in real estate tourism,” he said.

Mora took advantage of the event to highlight the work that has been carried out during the three years of management of the current government in the Ministry of Tourism (Mitur).

Source: Arecoa

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