Industry and Commerce Minister Jose del Castillo, who is also the president of the National Free Trade Zones Council, says that the ministry has approved permits for 15 new companies that applied to set up operations in the duty free manufacturing zones.
They have also signed contracts to develop and open three new free zone parks.
According to Del Castillo, the 15 new companies will invest around RD$1.35 billion and create 1,766 direct jobs with an income of around US$21.7 million. The development and operation of the three new free zones is estimated to involve an investment of RD$1.74 billion, generate income around US$10.7 million and create 3,200 direct jobs.
The new companies will be based in several free zones around the country.
