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Mexico is Dominican Republic’s 3rd biggest investor

Santo Domingo.- Dominican-Mexican Chamber of Commerce executive director Marco Antonio Sanchez on Wednesday affirmed  that Mexico’s US$6.8 billion investments in Dominican Republic make it making it the third largest investor in the Caribbean country, after the U.S. and Spain.

He said two Mexican hotel chains and several companies are currently evaluating operating in the country.

In the lecture ‘Mexico: historical, cultural and tourism destination’ hosted by APEC University’s Faculty of Tourism, the business leader said Dominican Republic’s climate of peace and security for investments is what spurred the Mexican companies to plan new operations here.

Sanchez said Mexico’s exports of crude, petroleum products, home appliances, pharmaceuticals, raw materials to Dominican Republic totaled US$650 million in 2012, whereas the Caribbean country’s exports of plastic waste, honey, bauxite, limestone free zones products to that country reached US$135 million that same year.

Among the Mexican companies operating in the country figure the Haro Hotel chain, Cemex cement, telecom Claro and Bepensa, among others.

He said 7,500 Mexicans reside in the country, many with small businesses, and that 32,000 Mexican tourists visit the Dominican Republic each year.

UNAPEC president Radhames Mejia and Tourism dean Luis Felipe Aquino also spoke in the conference, who stressed the historic and friendly Mexico-Dominican Republic ties.

Source: DT

Category: DR News |

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Last updated October 21, 2016 at 11:57 PM
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