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BiggerDominican Republic registers US$4.5 billion in foreign investment
Santo Domingo.- President Luis Abinader announced that the Dominican Republic reached US$4.523 billion in foreign direct investment (FDI) in 2024, and projects to exceed US$4.860 billion by the end of 2025, marking four consecutive years of record figures. The announcement was made during the “Investment Recognition” event organized by ProDominicana, which honored 11 companies for their contributions to FDI in the country.
Abinader emphasized that foreign investment is a key driver of economic growth, generating quality jobs, innovation, and sector diversification. Strategic sectors benefiting from FDI include tourism, energy, free trade zones, telecommunications, trade and industry, real estate, mining, and transportation. He highlighted projects like the new tourist center in Cabo Rojo, Pedernales, aimed at attracting visitors and improving local well-being.
The president also underscored the country’s commitment to sustainability and technological advancement, with 25% renewable energy generation and growing investment in high-tech industries such as semiconductors. He invited investors to continue seeing the Dominican Republic as a prime destination due to its macroeconomic stability, legal security, openness, and trust, calling the nation “fertile soil” for investment that drives wealth creation and transformation.
The dollar is going to get to 100 pesos, soon.
There are few reasons for the increase:
1)Neglect of the Small Business of the diaspora that are very disappointed thus leaving and/or stopping the investments due to the increase in regulations/red-tapes and business nonsense of the government.
2) Small businesses represent between 60 to 70 percent of the economy and the long process to comply with regulations makes it hard to do business
3) Interest rates 300 (three hundred percent higher than USA or Europe)
4) Banking system does not allow for long term savings ( will close the savings account if you do not deposit constantly or withdraw every certain # of time)
5) Lack of training of the government workers making business next to impossible/
6) Financial transactions with the government requires long lines to purchase checks at the banco de reservas, then back to pay the government etc/Backward and inept workers.
7) The business with the government has improved in the past 40 years but it has been painfully slow
8) Small and Mid size investors are moving to safer and better places to invest
9) Dinosaurs are still in charge of the government entities .
10) True there are a lot of foreign investment coming in but it is not the small and mid size investor who represent the majority and the kind that make countries more stable
11) True there is an increase in tourism but the majority does not return…….(Same issues of the past that never get corrected)