Economy March 11, 2019 | 11:11 am

12 free zones in 2 industrial parks cost US$47M; create 2,876 jobs

Santo Domingo.- The National Export Free Zones Council (Cnzfe) on Monday approved the permits to develop and operate two new industrial parks, as well as to install 12 free zone companies.

Industry and Commerce minister and Cnzfe president Nelson Toca headed the meeting where he affirmed that the new companies have invested over RD$1.7 billion (US$47 million) to develop and operate their productive activities.

He said the new parks cost RD$349 million and will create 2,876 jobs, and expected income exceeding US46 million.

According to Cnzfe director, Luisa Fernández, the Las Carolinas free zone park and the La Habanera industrial free zone will operate in Monte Plata and Santiago, respectively.

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