Economy March 28, 2022 | 7:46 am

Buy car in DR

Dominican Republic US$2.24B megaproject interests Koreans

Santo Domingo.- A sector of the Dominican Republic which South Korea pays special attention to is business.

And among its objectives is the international airport that the Luis Abinader government seeks to build in Pedernales and, at the bilateral level, a free trade agreement that would allow Hyundai and Kia vehicles to be sold at a lower price

“The Pedernales development plan is a good approach for Korean companies,” says Jaewook Yoo, general director of the Korea Trade-Investment Promotion Agency (Kotra) in Santo Domingo. “If we can, we are honored to be in those development activities.”

The Tourism Development Project of Pedernales, Cabo Rojo, is conceived to be carried out in four phases, for an average of 10 years, and an estimated cost of US$2.24 billion, for which the government is seeking investors.

In the first phase, an investment of US$1.3 billion is stipulated for the construction of 4,700 hotel rooms, with the goal of increasing them to 12,000 by the end of the project.

The government has reported that the first hotels will begin construction in mid-2022.

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March 28, 2022 6:18 pm


Luis is doing a great job as a President of the Dominican Republic.

Is an evidence after the corruption is getting low, people want to invest in the country.

March 29, 2022 7:16 pm
Reply to  Leo

Why don’t you try to put some money in your own pocket

Blaise Samuel
March 28, 2022 6:21 pm

Post Electrician

March 28, 2022 9:32 pm

Good idea about our presidente.

Josefina Tornincaso
March 28, 2022 9:58 pm

Love it gives jobs in dominican natives and help the people and make money, share with me

Tony Fernandez
March 29, 2022 12:25 am

Good for the country but how much of that will be going into his pocket??? Or any other corrupt politician for that matter?

March 29, 2022 6:54 am

I prefer Koreans over the other types. An airport down that way makes perfect sense and brings jobs to the local economy.

Scott G
March 29, 2022 7:56 pm
Reply to  Italman

Other types? Say what you mean.

Rome Hairston
March 29, 2022 1:03 pm

Would love to know .

Rome Hairston
March 29, 2022 1:05 pm

Very interested in the development process.

Jean-Claude Etheart
March 29, 2022 9:01 pm

It is very good project for the sou

Thomas Gomez
March 29, 2022 9:53 pm

Great for the country more exposure to the glove stage and better and more efficient distribution of the Air transportation in the countryl