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Santo Domingo. – Even with the US$1.24 billion fall in Direct Foreign Investment (DFI) from 2008 to 2010, Dominican Republic’s political, economic and legal climate continues being very attractive for investors who look for where to place their money and according to projections the country could receive around US$10.0 billion in DFI during next the five years.

That’s the stance taken by Dominican Foreign Investment Companies Association (Asiex) president Marco De la Rosa, who said those funds will come in an average of US$2.0 billion yearly.

In an exclusive interview with news source eldia.com.do, De la Rosa affirmed that the money will be channeled to the areas of tourism, telecommunications, mining, finances, real estate and energy, sectors which in his view are strategic for the Dominican economy’s stability. “Dominican Republic’s attraction for foreign investment continues being there. The investors are seeing much predictability, which means that they see the country as a strategic place to bring their capitals.”

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COMMENTS
6 comment(s)
Written by: Ricardolito, 30 Aug 2011 8:50 AM
From: Dominican Republic, vieja Santo Domingo
Who , in their right mind, would invest money into the DR until after the Presidential election.If by some madness of the electorate, Mejia was to win , I would expect investment to be a trickle and that investors would wait until a peso tumble . If Danilo wins, then the investors will wait to see what his policies and plans will be like and then I suppose , if all is OK, we will have a return to normal investment levels .
Written by: Atabey, 30 Aug 2011 9:23 AM
From: United States, NYC
Agreed Ricardolito. No sense in taking on any risky business until after this potentially disastrous reelection bid by Hippo-Loco.
Written by: dreadlocks, 30 Aug 2011 9:57 AM
From: United States
Ricardolito, a really sensible posting. apparently, this guy De La Rosa does not believe that circumstances alter cases. he fails to realize that people who invest money usually have advisors. no sane investor is going to plunk down millions of dollars in a Mejia led government. not after Baninter, and Bancredito.
Written by: anthonyC, 30 Aug 2011 12:30 PM
From: United States
A marketing Press Release is all it is. Just a public statement to reassure market perception.

Would you expect him as head of ASLEX to tell foreign investors not to spend their money and wait till after 2012?
Written by: dreadlocks, 30 Aug 2011 12:38 PM
From: United States
he does not have to. as a businessman, you know that most big investors have highly qualified advisors who will be telling their clients to wait until the election is over.
Written by: Helen, 3 Sep 2011 1:38 PM
From: Dominican Republic, Nagua
"......the country could receive around US$10.0 billion in DFI during next the five years.

That’s the stance taken by Dominican Foreign Investment Companies Association (Asiex) president Marco De la Rosa, who said those funds will come in an average of US$2.0 billion yearly."

Maybe that's why the word 'could' is used???
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