The business climate, legal certainty and more agile administrative processes make the Dominican Republic “is going through its best moment for foreign investment“said the president of the Spanish Chamber of Commerce in Dominican Republic and local representative of Air Europa, Francisco José Pérez Menéndez.
He highlighted that Spain is the second largest foreign investor in Dominican Republic after the United States, and which has diversified its investment in tourism, renewable energy and infrastructure, contributing 668 million dollars in 2023.
- Pérez Menéndez said that, although there is a trade imbalance significant with exports Dominicans to Spain —of 100 million dollars compared to imports of 1,000 million dollars—, the exports from this country to Europe grow steadily.
Likewise, he highlighted the positive impact of tax incentives in the increase of the foreign investmentand stressed the importance of maintaining them to compensate for deficiencies in basic infrastructure.
The support
Among the recent achievements, the award to a Spanish company to build the airport of Red Cape in Pedernales.
He pointed out that the Spanish Chamber of Commerce also promotes technological exchanges and knowledge between both countries, strengthening business relationships bilateral.
Finally, Pérez Menéndez expressed optimism regarding the growing interest in energy projectsespecially in renewable energythanks to the country’s natural resources such as wind and sun.
