The Foreign Investment Promotion Office reported that Central Bank figures show that international companies registered US$1,374 million in foreign investment in the DR in 1999. This is up from US$699.8 million in 1998. Of the total, 47% was injected into the energy sector, 22% in tourism, 16% telecommunications, 3% free zones. Major players in 1999 were: Energy sector: Consorcio New Caribbean Investment (Gener-Chile and Coastal-US) US$177.7 Seaboard Corporation US$144.5 million Union Fenosa (Spain) US$211.9 million, Edesur and Edenorte AES for AES Distribuidora Dominicana US$109 million Telecommunications: Codetel US$220 million Tricom US$152 million Tourism: Spain US$152.9 million (51.6%) Italy US$28.2 million (9.5%) Germany US$4.3 million (1.47% Switzerland US$2 million (0.67%)<\/p>\n","protected":false},"excerpt":{"rendered":"
The Foreign Investment Promotion Office reported that Central Bank figures show that international companies registered US$1,374 million in foreign investment in the DR in 1999. This is up from US$699.8 million in 1998. Of the total, 47% was injected into the energy sector, 22% in tourism, 16% telecommunications, 3% free zones. Major players in 1999 … <\/p>\n