\n
\n
\n
![\"Economic](\"\/Portal\/noticias\/inf_eco1_65.jpg\")
<\/TD>\n
<\/TD>
\n
\n
I<\/SPAN>t is projected that direct foreign investment in the Dominican Republic will reach as high as $2.4 billion in 2009, according \u201cBalance and Perspective of Foreign Investment and the Competitiveness Plan\u201d a report presented by the Center for Foreign Investment, the National Council of Duty Free Zones and the National Competitiveness Council (CNC). <\/P> Eddy Mart\u00ednez said that 2008 was an historic year in terms of foreign investment with more than $2 billion dollars having been invested. <\/P> The economic report was made public at a press conference in the Orlando Martinez hall on the second floor of the National Palace. Among those present were Eddy Mart\u00ednez, Director of the Center for Foreign Investment (CEI-DR); Luisa Fern\u00e1ndez, Director of the National Council of Duty Free Zones; Andr\u00e9s Van der Horst, Director of the National Competitiveness Council and Rafael N\u00fa\u00f1ez, Director of the President\u2019s Office of Information, Press and Publicity. Mr. N\u00fa\u00f1ez read the report. <\/P> Eddy Mart\u00ednez said that 2008 was an historic year in terms of foreign investment with more than $2 billion dollars having been invested. He added that projected investment for 2009 will be based in the areas of tourism, mining, telecommunications, bio-fuels, agribusiness and low-income housing. <\/P> In addition, other sectors are expected to attract investments from companies in Spain, the United States and other European countries. These investments, which will help develop knowledge in the DR, include projects in the software industry and renewable and solar energy. <\/P> Mart\u00ednez added that national investors are expected to get involved in the building of 5,000 low-income homes, a social project that will get underway immediately. The goal, currently in the form of a draft bill before Congress, is to build 100,000 such homes during the upcoming five years. <\/P> As such, health tourism and greenhouse farming are expected to draw foreign investment as well. To promote the greenhouse farming, a Technology Convention will be held in the DR with the idea of attracting more foreign investors from among attendees which will include the United States, Spain and India. <\/P> The report earmarks financing for greenhouse projects to enable them to produce along the same lines as the duty free zones for which $50 million dollars is being invested. <\/P> Other projects to be undertaken to stimulate foreign investment from Spanish and American entrepreneurs include renewable and solar energy, mining and limestone and cement production plants. <\/P> According to the report, an estimated foreign investment for 2009 in the tourism sector will be $2.411 billion dollars of which the largest amount, $878.6 million, is earmarked for the province of Alta Gracia in the Eastern region followed by $162.8 million for San Pedro de Macor\u00eds, Puerto Plata with $76.2 million followed by Saman\u00e1, La Romana and Barahona. <\/P> \u201cAs can be appreciated, the Dominican Republic, despite the negative global financial environment, continues to be an attractive area for Direct Foreign Investment in the tourism sector,\u201d according to the report. <\/P> In terms of the duty free zones, there seems to be a rebirth of optimism among businesses in the face of the possible economic recovery of the United States which will bring about an increase in demand for goods on the part of the neighboring country. In addition, changes within the system that have brought down costs and a new reality within the country are auguring a period of continued economic growth, pointed out the report. <\/P> The report made public the eight 2009 initiatives of President Leonel Fern\u00e1ndez\u2019s government which focus on energizing the Dominican economy on a base of foreign investment. To that end, the First National Forum for Competitiveness in the Dominican Republic will be held on April 28-29, 2009. The Competitiveness Institute\u2019s First Global Conference of Tourism Clusters is expected to be held soon. <\/P> Further indicators of the DR\u2019s economic health include the formation and launching of the National Commission for the Defense of Competition and Anti-Monopoly Practices, the Network of Clusters in the Dominican Republic, approval of laws governing competitiveness and the country\u2019s positive general business climate. <\/P> <\/P><\/TD><\/TR> Economic Report: 2009 Good Year for Foreign Investment in the Dominican Republic It is projected that direct foreign investment in the Dominican Republic will reach as high as $2.4 billion in 2009, according \u201cBalance and Perspective of Foreign Investment and the Competitiveness Plan\u201d a report presented by the Center for Foreign Investment, the National Council … Continue reading “Economic Report: 2009 Good Year for Foreign Investment in the Dominican Republic”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2651","post","type-post","status-publish","format-standard","hentry","category-noticias"],"_links":{"self":[{"href":"https:\/\/www.dominicanaonline.org\/en\/wp-json\/wp\/v2\/posts\/2651"}],"collection":[{"href":"https:\/\/www.dominicanaonline.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dominicanaonline.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dominicanaonline.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dominicanaonline.org\/en\/wp-json\/wp\/v2\/comments?post=2651"}],"version-history":[{"count":0,"href":"https:\/\/www.dominicanaonline.org\/en\/wp-json\/wp\/v2\/posts\/2651\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.dominicanaonline.org\/en\/wp-json\/wp\/v2\/media?parent=2651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dominicanaonline.org\/en\/wp-json\/wp\/v2\/categories?post=2651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dominicanaonline.org\/en\/wp-json\/wp\/v2\/tags?post=2651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n![\"Economic](\"\/Portal\/noticias\/inf_eco1_500.jpg\")
<\/P>
\n![\"Economic](\"\/Portal\/noticias\/inf_eco2_500.jpg\")
<\/P>
\n
\n
\n<\/TD>
\n<\/TD>
\nDate of Publication: January 09, 2008 <\/TD><\/TR><\/TBODY><\/TABLE><\/p>","protected":false},"excerpt":{"rendered":"