Yes, same thing, and its good as he said is not coming to compete with Pinewood studios - Lantica, they will be able to use the water tank that build pinewood in Juan Dolio.
Fact is the film community in the DR is rather small, so, yes, there will be competition for technical talent.
There are numerous independent producers in the DR as well.
One difference is this guy says he wants to grow his own. However, Altos de Chavon School of Art and Design has their own film school, called "Stellar Film School." There are at least two film schools in Santo Domingo, and a nephew is studying film at PUCMM in Santiago.