Leonel Fernández calls for end to bureaucracy delaying US$20 billion in investments

La Altagracia.- Former President Leonel Fernández called for an end to bureaucratic obstacles delaying real estate and tourism development in the Dominican Republic, claiming that about US$20 billion in investment projects have remained stalled for five years due to delays in obtaining construction permits.

Speaking with representatives of La Altagracia’s productive sectors, Fernández said construction is a key driver of the Dominican economy, but delays in approving projects are affecting investment, job creation and economic growth.

He emphasized that the issue is particularly significant in tourism hubs such as Punta Cana, where faster approval processes could help unlock major investments and support continued economic development.