With an investment of US$100 million, the first theme water park was inaugurated yesterday in the Destination City of Cap Cana El Dorado Park. This park generates more than 300 direct jobs and 600 indirect jobs and is part of the assets managed by the investment fund manager Altio.
The meeting was attended by the president Luis Abinaderwho stressed that the Government will continue to support all projects that diversify the tourist offer in order to boost tourism growth.
He revealed that in the coming months he will announce similar projects, “theme parks for powerful, world-famous brands that are interested in investing in the Dominican Republic.”
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The president of Dorado Park, Carlos Cobiellaexplained that Dorado Park is an asset of the Altio II Closed Development Fund, designed and developed by the prestigious architect Andres Pineiroin collaboration with major world-leading entertainment companies such as Proslide Technologies, ensuring the highest quality standards.
He said that four months ago they opened a soft opening and that since then they have received more than 40 thousand clients.
It has more than 16 attractions and an infrastructure designed to accommodate thousands of visitors which, together with its spectacular amphitheater, is an example of innovation and sustainability in the region.
Altio’s director and board member, Juan Manuel Barrancosaid that the four main Pension Fund Administrators (AFP) are participating as investors in this project, along with other professional investors. He indicated that one of the functions of the investment funds is to support the development of the country, in this case, the tourism sector, “which is one of the most thriving in the Dominican economy, therefore, the investment funds have to be there no matter what.”
He said that Altio also supports other investment projects such as two hotels and there are other investment funds with their bet on hotels.
He explained that the projected profitability has certain parameters to guarantee the return to the contributors and that it could be more than 15% annually. He said that they will continue to increase the fund and use more resources to support the tourism, energy and other sectors that further the development of the country.
On his side, Fernando Hazourypresident of the Cap Cana board, highlighted the creativity and persistence of the Dorado Park team and applauded the initiative to carry out such an important project for tourism in the Dominican Republic.
