Tourism leads foreign investment in the DR

Tourism and energy activities represent the main sources of Foreign Direct Investment (FDI) in the DR, reaching US$4.39 billion in 2023, surpassing Costa Rica’s leadership in 2020, 2021, and 2023.

Statistical data from the Export and Investment Center of the DR (ProDominicana) show a growth in foreign investments in the tourism sector between 2022 and 2023, going from US$1,050 million to US$1,182.1 million.

Turismo InversiónThe energy sector increased significantly from US$749 million to US$1,071.1 million between 2022 and 2023.

The growing sectors are: commerce, real estate, free trade zone, mining and finance.

The largest foreign investments in the country come from the United States, followed by Spain, Mexico, and Canada.

The Foreign Investment Law 16-95 is applied in the country. The total amount of FDI reached by the country in 2023 was US$4,390.2 million, equivalent to a growth of 7.11 % with respect to 2022.

Costa Rica registered an amount of US$3,921 million of foreign investment, for a growth of 131 % with respect to the US$3,000 million obtained in 2022, according to Listín Diario.

Source: Arecoa.com

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Dominican Republic Live Editor

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