re: Investment in the D.R. a blackhole?
Recent news is that a delegation from the United Arab Emirates is in the DR to invest $4.1 billion U.S. Dollars in the Montecristi and Dajabon provinces for a new shipping port, duty free zone, ecological park, 1500 new homes, and 2 airports, one for passengers and the other for cargo. Does this Sultan Ahmed Bin Sulayem really expect to turn a profit from his investment, insomuch that there is little money in circulation in the D.R.?
My take is that this Sultan for Dubia Ports has too much money to throw around and is making a poor investment, in a country known for corruption. Am I off base here? I know there are some foreign investors like the Spanish companies that have their foot on the neck of the Dominican poplulation for electricity. But, I think that is a different scenario. People and businesses need electricity. Also, it is my understanding that a new deep port for container ships has recently opened in Andres, next to Boca Chica? How many shipping ports can the DR support?
I can't imagine that any investor, whether a rich Sultan from Dubai or any foreign investor could be serious about a return on a multi-billion dollar investment in the D.R. Any comments?
Recent news is that a delegation from the United Arab Emirates is in the DR to invest $4.1 billion U.S. Dollars in the Montecristi and Dajabon provinces for a new shipping port, duty free zone, ecological park, 1500 new homes, and 2 airports, one for passengers and the other for cargo. Does this Sultan Ahmed Bin Sulayem really expect to turn a profit from his investment, insomuch that there is little money in circulation in the D.R.?
My take is that this Sultan for Dubia Ports has too much money to throw around and is making a poor investment, in a country known for corruption. Am I off base here? I know there are some foreign investors like the Spanish companies that have their foot on the neck of the Dominican poplulation for electricity. But, I think that is a different scenario. People and businesses need electricity. Also, it is my understanding that a new deep port for container ships has recently opened in Andres, next to Boca Chica? How many shipping ports can the DR support?
I can't imagine that any investor, whether a rich Sultan from Dubai or any foreign investor could be serious about a return on a multi-billion dollar investment in the D.R. Any comments?
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