OMT highlights conditions to invest in the Dominican Republic

The Dominican Republic is one of the countries with the best conditions for investment in the tourism sector due to its geographical location, legal certainty and solid political stability, among other factors.

Within the framework of the visit to the country by the Secretary General of the World Tourism Organization (UNWTO), Zurab Pololikashvili, the entity put into circulation the first Tourism Investment Guide of the Dominican Republic, which has been developed together with the Ministry of Tourism, ProDominicana and with special support from technicians from Banreservas and Banco Popular Dominicano.

The main objective of this guide is to attract, promote and retain investment in sustainable tourism in the Dominican Republic, offering strategic information on the business climate and the growth policy that the current government has in this sector.

This promotional tool also has current data on the infrastructure network, investment incentives, and a detailed outline of the country’s competitive landscape.

According to Zurab Pololikashvili, the Dominican Republic is a safe country for any type of investment in the Dominican tourism system, because “it is a destination that has proven to be resilient and offers opportunities for all.”

The Vice Minister of International Cooperation of MITUR, Carlos Andrés Peguero, highlighted that this guide has been the result of a joint effort by the public and private sectors, in which banks played a special role. He also emphasized that through the investment panorama that the document exposes, an interesting benchmarking is shown on foreign direct investment in tourism, our regulatory framework and the portfolio of tourism investment opportunities.

Natalia Bayona, Director of Innovation, Education and Investment of the UNWTO, the Dominican Republic in the last two years has had a characteristic increase in its economy.

Foreign direct investments (FDI) in the tourism sector of the Dominican Republic during the year 2021 reached US$942 million, which means that, despite the consequences left by the COVID-19 pandemic, the country’s economy recovered and acquired a significant percentage, of which 38% is attributed to the tourism sector.

The total recovery of employment exceeded 300,000 jobs, of which more than 65 thousand formal jobs, 90,000 direct informal jobs and around 185,000 indirect jobs were recovered in subsectors such as food and beverages, transportation, and other activities related to the value chain tour.

This means that investors have responded, and it is evidenced by the level of foreign direct investment (FDI) made in the Dominican Republic, which is one of the main sources of foreign exchange earnings for the Caribbean country.

According to statistics from the Central Bank of the Dominican Republic, during the periods 2010 to 2020, the inflow of foreign currency derived from FDI was US$27,934 million, which generated an annual average of US$2,539 million, remaining stable and at a sustainable rate.

Marcial Mestre, director of investment at ProDominicana and on behalf of Biviana Ribeiro, its executive director, highly valued the effort made to have this important tool for investment promotion.

The UNWTO tourist investment guide for the Dominican Republic has been prepared in printed and digital formats, offering a QR code for this latest version, which guarantees a greater reach when developing its dissemination at a global level.
More about República Dominicana es uno de los países con mayores condiciones para la inversión en el sector turístico por su ubicación geográfica, seguridad jurídica y sólida estabilidad política, entre otros factores. En el marco de la visita al país del secretario general de la Organización Mundial del Turismo (OMT), Zurab Pololikashvili, la entidad puso en circulación la primera Guía de Inversión Turística de República Dominicana, la cual ha sido desarrollada junto al Ministerio de Turismo, ProDominicana y con un especial apoyo de técnicos de Banreservas y el Banco Popular Dominicano. El objetivo principal de esta guía es atraer, promover y retener la inversión en el turismo sostenible en República Dominicana, ofreciendo información estratégica sobre el clima de negocios y la política de crecimiento que en este sector posee el actual gobierno. Esta herramienta promocional tiene además, datos actuales sobre la red de infraestructura, incentivos a la inversión, y un esquema detallado del panorama competitivo del país. De acuerdo con Zurab Pololikashvili, República Dominicana es un país seguro para cualquier tipo de inversión en el sistema turístico dominicano, debido a que “es un destino que ha demostrado ser resiliente y ofrecer oportunidades para todos”. El viceministro de Cooperación Internacional del MITUR, Carlos Andrés Peguero, destacó que esta guía ha sido el resultado de un esfuerzo mancomunado del sector público y privado, en donde la banca jugó un papel especial. Enfatizó, además, que a través del panorama de inversiones que expone el documento, se muestra un interesante benchamrking sobre la inversión extranjera directa en turismo, nuestro marco regulatorio y el portafolio de oportunidades de inversión turística. Natalia Bayona, directora de Innovación, educación e inversión de la OMT, República Dominicana en los últimos dos años ha tenido un incremento característico en su economía. Las inversiones extranjeras directas (IED), en el sector turismo de República Dominicana durante el año 2021 alcanzaron a US$942 millones, lo que significa que, a pesar de las secuelas dejadas por la pandemia del COVID-19, la economía del país se recuperó y adquirió un porcentaje significativo, del cual, el 38% se le atribuye al sector turismo. La recuperación total de empleo superó 300,000 plazas, de los cuales, se recuperaron más de 65 mil empleos formales, 90.000 empleos informales directos y alrededor de 185,000 empleos indirectos en subsectores como alimentos y bebidas, transportes, y otras actividades relacionadas a la cadena de valor turística. Esto significa que los inversores han respondido, y queda evidenciado en el nivel de inversión extranjera directa (IED), realizada en República Dominicana, constituye una de las principales fuentes de ingresos de divisas al país caribeño. Según estadísticas del Banco Central de República Dominicana durante los periodos 2010 al 2020 el ingreso de divisas derivadas de la IED fue de US$27,934 millones, lo que generó un promedio anual de US$2,539 millones, manteniéndose de manera estable y a un ritmo sostenible. Marcial Mestre, director de inversión de ProDominicana y en representación de Biviana Ribeiro, su directora ejecutiva, valoró muy positivamente el esfuerzo realizado para lograr contar con esta importante herramienta para la promoción de inversiones. La guía turística de inversión de la OMT para República Dominicana se ha elaborado en formatos impreso y digital, ofreciendo para esta última versión un código QR con el cual se garantiza un mayor alcance al momento de desarrollar su divulgación a nivel global.
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