The dominican republic leads foreign investment in the caribbean

The Dominican Republic attracted the most foreign investment in the Caribbean during 2011.

Great news for Dominican Republic commercial real estate investors!


In total, some US$2.3 billion were invested in the country, a 20% growth over 2010 figures.

The Dominican Central Bank reported that in the last 15 years the tourism industry has brought in the most investment.

This figure does not include important foreign investments in real estate tourism projects.

The information appears in a recent report issued by the Economic Commission for Latin America and the Caribbean (ECLAC), which also reveals that overall investment in the region grew by 20%, in comparison to 2010 figures.
The country’s Central Bank explains that tourism has for the past 15 years been the economy’s most dynamic sector.

The report also explains during 1998 – 2010 overall foreign investment was US$17.1 billion. Of this amount, US$3.2 billion were channeled to tourism projects.
Experts estimate that the amount invested in the tourism sector is much higher than what has been reported due to increased foreign investment in tourism real estate projects during that same time period, totaling US$2.4 billion.

From Dominican Today:
the dominican republic leads foreign investment in the caribbean

Fernandez breaks ground for US$65.0M Carnival cruise terminal - DominicanToday.com

Puerto Plata, Dominican Republic. - President Leonel Fernandez and Carnival Cruises Corporation vice president David Candib headed the groundbreaking for a modern cruise terminal, to be built at a cost of US$65.0 million.




In the keynote speech, Tourism minister Francisco Javier Garcia said the port to be built at Maimon Bay will create around 800 direct jobs and will be concluded in the first months of 2014.



He said the facility is expected to receive around 250,000 cruise passengers every year, and in his view will significantly contribute to Puerto Plata’s economic development and its residents' well-being.



The future terminal will give Puerto Plata’s tourism industry a much needed boost, Garthe official said, adding that it will consolidate the tourism infrastructure nationwide.


Fernandez breaks ground for US$65.0M Carnival cruise terminal - DominicanToday.com