2024News

DR expects FDI to reach US$4.5 billion this 2024

Speaking to regional investment promotion agency directors gathered in Santo Domingo for the Regional Meeting of Central America and the Caribbean World Association of Investment Promotion Agencies (WAIPA), Vice President Raquel Peña highlighted the international interest in investing in the Dominican Republic.

She said the Dominican Republic government projects that foreign direct investment (FDI) will reach US$4.5 billion by the end of 2024, following a record-breaking US$4.38 billion in 2023.

WAIPA’s Steering Committee Member ProDominicana, in partnership with WAIPA and the Central American Bank for Economic Integration (CABEI), are holding the Regional Meeting of Central America and the Caribbean on 17-18 July 2024 at the Hotel Embajador in Santo Domingo to explore Central America’s provincial agenda for FDI promotion.

Speakers from government agencies and private sector organizations in the Dominican Republic and international consultants from the UNIDO, UN Trade and Development (UNCTAD), UN Tourism, and the International Trade Centre (ITC) are participating in the event.

The meeting is promoted as an opportunity where participants can gain valuable knowledge and insights from the enriching program, learn about opportunities for developing economies in the tourism sector, curated by UN Tourism’s additional curriculum, and obtain practical skills. Attendees are given access to exclusive content on capacity building and regional investments, providing valuable opportunities for collaboration and networking.

The event is attended by representatives from Central American and Caribbean countries, including the Bahamas, Bermuda, Costa Rica, Honduras, Guatemala, and Guyana.

Biviana Rivera of Pro Dominicana, the local government pro investment agency, is the host of the meeting.

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Noticias SIN

18 July 2024