Tourism Investment in the Dominican Republic Grew 7.1% in the Last Decade.
The director of the Center for Export and Investment of the Dominican Republic (CEI-RD), Jean Alain Rodriguez revealed that during the last decade Foreign Direct Investment (FDI) in the tourism sector reached US $ 2557.8 million, with an average annual growth 7.1%.
By participating as a keynote speaker at the Caribbean Annual Investment Conference Hotel and Operations (Chicos 2014), Rodriguez noted that “FDI registered in tourism last year was $ 256.5 million and in January-June 2014 amounted to US $ 161.5 million , becoming increasingly developed and robust sector.”
It welcomed the number of tourist projects being developed in the country, including North Coast at Playa Grande, Rio San Juan located; Royal Hotel & amp; Resorts located in the National District; and the Riviera Azul resort, which is built with an investment of over US $ 30 million, thanks to good investment climate, led by President Danilo Medina.
He argued that by 2015 the inauguration of projects like Downtown Punta Cana and the Bahia Principe Hotel Bouganville, which is the first Luxury colonial-style hotel located in Playa Nueva Romana and have the distinction of excellence in the category Don Pablo Collections, as published by the Listin Diario.
Blue Bay Luxury Beach Condos, also located within Paya New Roman, have started construction in 2015, its first stage beachfront apartments.