“Our strength in attracting foreign investment is evident in our tourism sector, especially in Punta Cana and Miches. We are now promoting a new tourist hub in the south of the country, in Flints”.
This was stated by the president Luis Abinader during his participation on Wednesday in the Conference on Infrastructure Investment in Latin America and the Caribbean of the Development Bank of Latin America and the Caribbean (CAF) and the Financial Times on identifying opportunities for investors and asset management, an event that took place in New York.
Referring to the tourism sector, the president said that they are revitalizing the Puerto Plata area with the development of Brigantine Point, an ambitious tourism and real estate project developed by the private sector. It aims to promote innovation in the digital field and will include an academic campus, a film studio, a golf course, and extensive road infrastructure.
Abinader said that for more than fifty years, the Dominican economy has registered remarkable achievements in the region: an average annual economic growth of around 5%, reaching a gross domestic product (GDP) of more than 130 billion dollars. This makes the Dominican Republic the seventh largest economy in Latin America and the Caribbean.
In terms of port connectivity, the country has 10 seaports that handle international cargo, on track to reach 2.5 million TEUs per year. Additionally, it has 8 airports connecting to 170 destinations worldwide.
The Head of State also highlighted that they have built numerous tourist ports and fishing docks. On the north coast, in the port of Manzanillo, they are constructing a large multimodal logistics dock that will bring Dominican exports closer to the east coast of the United States.
He explained that the country’s dynamic private sector is committed to public-private partnerships to expand, build, and operate ports and airports.
He said that since connectivity is an essential element for trade, tourism, and investments, he has recently signed important open skies agreements with USA and Canada.