In La Altagracia, President Luis Abinader officially inaugurated the El Dorado Water Park. This park falls under the portfolio of assets managed by the investment fund manager Altio and is situated in the Destination City of Cap Cana.
The launching ceremony was led by President Abinader, who was joined by the Minister of Tourism, David Collado, the President of Dorado Park Carlos Cobiella, José Yude Michelen – a board member of the Investment Fund Manager ALTIO SAFI, and the Chairman of Cap Cana’s board of directors, Fernando Hazoury, among other significant individuals from the country’s private and government sectors.
El Dorado Water Park, an asset of the ALTIO II Closed Development Fund, is the nation’s first themed water park. The park was designed and developed by prestigious architect Andrés Piñeiro, alongside leading entertainment industry firms like Proslide Technologies, ensuring adherence to the highest quality standards. It boasts over 16 attractions and infrastructure capable of accommodating thousands of visitors. Combined with its stunning amphitheater, the park exemplifies innovation and sustainability in the region.
At the grand opening, President of the park, Carlos Cobiella, shared the experiences and trials encountered during the park’s development. He expressed his gratitude to all who backed this project from diverse sectors, particularly his partner ALTIO Safi for their unwavering support since inception and throughout the pre-development, construction, and operation stages of the park. He also thanked Banco de Reservas and Banco Banesco, key financial partners, and his family for their active involvement from day one.
Cobiella stated, “El Dorado Park aspires to be an influential site for Dominican Republic’s tourism, facilitating the diversification of visitor profiles and creating new job prospects. The park currently generates over 350 direct and 500 indirect jobs.“
“Our decision to select Cap Cana as the project’s location has paid off not only for its strategic position and top-tier infrastructure but also the unwavering support we received from its board of Directors and the management team at large. Cap Cana stands as one of the Caribbean’s most exclusive destinations, thanks to its beautiful beaches, hotels, real estate developments, and now its bid to become a leading Park and Entertainment site in the region.” declared Cobiella.
Fernando Hazoury, Chairman of Cap Cana board of Directors, praised the innovative and tenacious efforts of the Dorado Park team to execute such a significant project for the country’s tourism industry.
Hazoury continued, “Cap Cana’s destination city has a resolute stance to welcome investors with open arms and provide them with necessary support, regardless of whether they’re inclined towards real estate projects, hotels, or value-added features like the one inaugurated today.“
Hazoury concluded by stating, “At Cap Cana, we’re committed to backing such projects. Our constant endeavour is to evolve towards a more institutional approach to protect and enhance the investments, legacy, and employees’ efforts within the destination city.” He took this opportunity to applaud President Abinader, David Collado, and their cabinet for their remarkable contributions and efforts in collaborating with entrepreneurs and investors at national and international levels towards the improvement of this vast industry.”
The event was attended by significant business partners, government dignitaries, bankers, friends, and associates, along with local media. The event ended with an official ribbon-cutting ceremony by the president and the key board members who then proceeded for a tour of the park.
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