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Santo Domingo. - Foreign investment in Dominican Republic will top 2.4 billion dollars this year, according to Export and Investment Center director Eddy Martinez, who noted that the figure will include the areas of mining, agribusiness, free zones, tourism, real estate, telecommunications and infrastructure.

Martinez affirmed that the Caribbean country continues being among the "most attractive" at the time to invest capital. "I can assure you that right now Dominican Republic is one of the most attractive countries or perhaps the most attractive for foreign investment, given its climate of security and confidence."

The official said that while many countries have yet to finish recovering from the global economic crisis, Dominican Republic continues exhibiting “excellent" growth standards.

In that regard, Martinez noted the "importance" of his agency’s estimates that around 2.4 billion dollars in foreign investments would enter the nation this year.

Official data show that the Dominican economy is based mostly in tourism development, free zone production and the remittances from its citizens who live mostly in the United States and Europe.

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COMMENTS
14 comment(s)
Written by: juanb, 7 Sep 2010 4:18 PM
From: Dominican Republic
It's an official announcement:

You know that you can't believe it.
Written by: Atabey, 7 Sep 2010 4:36 PM
From: United States, NYC
Well, let's see if these investments are "mark-to-market" or tabulated in real terms. We all know how this method underpinned the foam that was Enron. I truly hope that this is real and that many more billions in investments are made in DR and Haiti in the future.
Written by: jhcl2012, 7 Sep 2010 4:48 PM
From: United States
I can attest to this report. We have invested over US$1mm in Plaza Coral Punta Cana - www.plazacoral.net
Written by: dreadlocks, 7 Sep 2010 6:37 PM
From: United States
great logic, jhcl. you have invested 1 million, so a figure of 2 billion can be attested to....i like it
Written by: DONT_BE_SILENT, 7 Sep 2010 7:16 PM
From: Dominican Republic, NEVER FORGOTTEN, NEVER FORSAKEN!
The Haitian Elite has spoken!
Written by: dreadlocks, 7 Sep 2010 7:38 PM
From: United States
DONT BE SILENT.... that should read...the haitian elite has spoken. first person singular is followed by the verb "has".
Written by: JimHarrington This user is banned, 7 Sep 2010 8:06 PM
From: United States
this story is so off bas that no investor would believe it.
lets look at the numbers .
2,400,000,000.US funds.
Devided by 10,000,000. the population of the DR.
So a population investment of 240 per capita.
Not to mention all the other invstments into the DR. leonel is living in the luna or he is smoking his own coke and heroin.

You are being lied to big time by Leonel and his cronies.
Written by: DONT_BE_SILENT, 7 Sep 2010 9:15 PM
From: Dominican Republic, NEVER FORGOTTEN, NEVER FORSAKEN!
Dread, that should read the Haitian elite has spoken...capital "H" at the begining of the adjective.
Written by: WalterPolo, 7 Sep 2010 10:34 PM
From: Dominican Republic, Puerto Plata
Whatever, guys.

This piece of news in based upon the old saying:"there´s a gullible idiot born every second".
Written by: dreadlocks, 8 Sep 2010 8:59 AM
From: United States
touche, DONT BE SILENT...i like it. have a great day
Written by: gregorioeltoro, 8 Sep 2010 10:12 AM
From: United States, Rochester, NY
Hey Dread, as an English teacher I have to correct you pero con carino- it should be third person singular. have a good day my friend.

Gregorio
Written by: dreadlocks, 8 Sep 2010 10:17 AM
From: United States
thank you kindly. i was always under the impression that the subject is the first person...my bad. you live, you learn..have a great one, too.
Written by: dreadlocks, 8 Sep 2010 10:22 AM
From: United States
actually, gregorio, you are correct..a little brain fade on my part. i am the first person, you are the second, and he,she, it , the third. it is still a little early in the day, and, at my advancing age, my grey matter needs a few hours of warming up to reach optimal operating temperature.
Written by: jhcl2012, 9 Sep 2010 11:48 PM
From: United States
dreadlocks, if a nobody can raise that amount, just figure a few better off individuals doing better than me. What I can attest to is that DR is fertile for the foreign investment. Lots of opportunities available to those willing to work hard.

If you can't envision that, then I'm sorry for you. Don't worry, "Wilfrido"s check is coming this month!

;-)

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