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Red tape delays US$30M high-tech Cabarete project

Santo Domingo.- Many investors who look to develop projects in the Cabarete area, Puerto Plata province, face the region’s vulnerability, for which few are able to materialize their dream.

In a report by outlet listin.com.do, La Boca, a hi-tech sustainable tourism project on the drawing board is set fo lands next to the Yásica river mouth. It features five condos, a space to develop businesses and work on technological ideas while enjoying the natural setting.

La Boca developer and plan ideologue Fabrice Grinda says that he chose the Dominican Republic as a destination after visiting several countries to establish his project, because “it’s the perfect country since crime is much lower than in other countries,” citing Venezuela and Mexico.

He also likes the water temperature and the low cost of living. “The most important thing is the people’s treatment, they are very friendly and the variety of food is excellent.”

Grinda notes that his plan’s idea on sustainable tourism for technology entrepreneurship is to provide a “co-working” space where developers from around the world “can have fun and launch their projects working together with people who have similar ideas and using Dominican programmers.”.

The cost to start building the La Boca Cabarete project is a cool US$30 million, but Grinda notes that each company will invest their money.

“La Boca, Caberete is a plan that was conceived four years ago,” he said, and complained of the country’s “very difficult” red tape.

“At this moment the only thing lacking is the license from the Environment Ministry,” he said, adding that once obtained, it can be built in two years.

Source: DT

Jan 7, 2017

Category: DR News |

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Last updated February 26, 2017 at 10:12 PM
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