Rewrite this content and keep HTML tags, correct grammar, capitalize bold words, do not rewrite words starting with capital letters. Make shorter sentences to improve readability
Santo Domingo.- Francisco José Pérez Menéndez, president of the Spanish Chamber of Commerce in the Dominican Republic and local representative of Air Europa, highlighted the country's good conditions for foreign investment. He attributed this success to an improved business environment, greater legal certainty and simplified administrative procedures, marking a peak in the country's attractiveness for investors.
Spain ranks as the second largest foreign investor in the Dominican Republic, contributing $668 million in 2023 in tourism, renewable energy and infrastructure. Despite the trade imbalance ($100 million in Dominican exports to Spain versus $1 billion in imports), exports to Europe are constantly increasing. Pérez Menéndez also praised tax incentives as vital to boosting foreign investment and compensating for infrastructure gaps. A notable milestone is the recent contract awarded to a Spanish company to build the Cabo Rojo airport in Pedernales.
The Chamber of Spain continues to promote technological and knowledge exchanges, promoting bilateral trade. Pérez Menéndez expressed optimism about the growing interest in renewable energy projects, taking advantage of the Dominican Republic's abundant natural resources, such as wind and solar energy, to foster sustainable development.