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Foreign investment tops US$7.3B in 3 years

Santo Domingo.- Dominican Republic Export and Investment Center (CEI-RD) director Jean Alain Rodriguez yesterday said direct foreign investment (FDI) in the country topped US$7.3 billion during the last three years, or 37% of the total received by the Caribbean.

He said most of the FDI flowed to retailers, industry, mining and real estate, an average of 57% of the country┬┤s total during that period. “The Dominican economy is more dynamic and increasingly diversified, increasing investment in non-traditional economic sectors such as renewable energy, infrastructure and logistics.”

Speaking in a working breakfast of the young business leaders grouped in ANJE, Rodriguez said around US$67.6 million have been invested in exports, which created 40,000 jobs nationwide. “And we have a projection of 7,000 jobs this year.”

The official added that exports grew an average of 5% yearly, from US$5.9 billion to US$9.9 billion from 2004 to 2014, a jump of 67%.

Source: DT

Sep 23, 2015

Category: DR News |

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