The investment of more than US$350 million by Meliá Hotels International and Falcon’s Beyond Global, for the construction, development and remodeling of several tourism projects, will impact the economy of the entire country and will generate thousands of direct and indirect jobs.
This was emphasized by President Luis Abinader while participating in the announcement of the new investments, where he also affirmed that the Dominican Republic’s tourism model is a world reference and will continue to be so due to offers and investment bets such as this one.
US$170 million will be invested in the construction of Katmandu Park, US$180 million in two hotels for adults and children, as well as US$50 million for the renovation of existing hotels.
The President, accompanied by the Minister of Tourism, David Collado, assured that the world is in permanent change, but the Dominican Republic is ready to lead it.
He cited as proof of the strength of the investment in the tourism sector that, in the case of Katmandu Park alone, it will generate some 600 direct jobs with a projection to double this figure in indirect jobs. “These efforts are in line with the objectives of the Government, which are jobs and investment opportunities for all,” he stressed.
The head of state was welcomed by Falcon’s Beyond Global CEO Cecil D. Magpuri, Meliá Executive Vice President Gabriel Escarrer, Meliá Hotels International COO André P. Gerondeau, and Falcon’s Beyond Global Executive Chairman Scott Demereau.
Katmandu Park, a state-of-the-art theme park, will open in the fall of 2022 and, along with other projects, will consolidate Punta Cana’s leadership as a destination for entertainment, dining, and shopping tourism.
Abinader recalled that since he came to government he has been supporting multiple investments in different sectors and regions, without rest, always seeking that goal.
“Today, in Punta Cana, we return to support investment in leisure and services. A sector in expansion and that brings with it stable quality work and economic generation in multiple sectors directly and indirectly,” he stressed.
And he added: “This is already a palpable reality: everyone wants to invest in the Dominican Republic and your government is here to guarantee that they will not make a mistake with that choice”. Punta Cana has always been a focus of attraction for talent and companies and even today it continues to be that engine that pushes and is more alive than ever.
“Commitment, sustainable, productive investment, and employment. That is what is here today. They are a source of pride for all of us. Their exemplary work and dedication in all these years are worthy of recognition and support,” he said, after affirming that the public and private sectors together will achieve the changes needed to be the best destination in the world.
The first great theme park in the Caribbean
Meanwhile, the executive vice president of Meliá described as important the joint project between Meliá Hotels International and Falcon’s Beyond in Punta Cana, an exceptional destination in which they have been working for more than 30 years and which they carry in their hearts.
Escarrer specified that this alliance will materialize in the first great Theme Park and Entertainment Destination in the Caribbean. Likewise, the COO of Meliá Hotels International recalled that Punta Cana is the place where the Paradisus brand was born, with the opening of Paradisus Punta Cana in 1995.