Economic Sectors Of The Dominican Republic
Investment Summit of the Dominican Republic
Infrastructure(transport, logistics and energy)
The Dominican Republic: Has a privileged position in the “Global Competitiveness Report 2013-2014” of the World Economic Forum, due to its development and infrastructure quality.
The Dominican Republic: Has the second best transportation infrastructure of Latin America.
US$1,242.1 million IED (Direct Foreign Investment) belongs to the electric sector during the last 5 years: 10.8% of the global amount of IED captured by the Dominican Republic.
Economic Sectors Of The Dominican Republic
An efficient network of transport and infrastructure services, is one of the most important aspects for economic development, , especially in countries which have focused on obtaining outward growth. In recent years, the economy of the Dominican Republic has become one of the largest and fastest growing in the Caribbean, and its infrastructure is among the most modern and extensive in the region.
-Transport and Logistics: The Dominican Republic has the second best transport structure in all Latin America. Of the 48,000 or more square kilometers in the territory, there is a road network of approximately 5,400 kilometers of road.
Our country is the second the region with most asphalted airport runways and is third in Latin America with the best paved roads, that is to say, we boast a road network that connects quickly and securely across the country. Thanks to our infrastructure’s high development rate, we have a privileged position in the region and in the world regarding the quality of our infrastructure, according to the “Global Competitiveness Report 2013-2014” of the World Economic Forum.
Economic Sectors Of The Dominican Republic
-Energy: Through Law 57-07 our country has laid down the foundation to achieve, within a short time, self-sufficiency in power generation without causing serious damage to the environment. This law sets out incentives and tax exemptions for producers as well as self-generators of alternative energy, which has permitted the Dominican Republic to become one of the main producers of alternative energy in the region.
Over the past five years, Foreign Direct Investment (FDI) in the electricity sector reached U.S. $ 1242.1 million, representing 10.8% of the total amount of FDI attracted by the Dominican Republic.
Economic Sectors Of The Dominican Republic
In 2012, the Dominican Republic received the award from the Caribbean Association of Investment Promotion Agencies (CAIPA) for the best promotion and attraction of foreign investment projects in the field of Green Energy throughout the Caribbean region.
Economic Sectors Of The Dominican Republic
Category : Blog &Dominican Republic &Travel
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