The Dominican Republic attracted the most foreign investment in the Caribbean during 2011. The $2.3 billion USD invested was a 20% growth over 2010 foreign investments. According to the Dominican Central Bank, in the last 15 years the tourism industry has brought in the most investment. However, this figure does not include important foreign investments in Dominican Republic real estate tourism projects.
This information was published in a recent report issued by the Economic Commission for Latin America and the Caribbean (ECLAC), which also confirmed that overall investment in the region grew by 20%, in comparison to 2010 figures. Central Bank officials have clearly identified tourism as well as Dominican real estate investments as the economy’s most dynamic sectors for the past 15 years.
These recent figures confirm the trend that the region and in particular the Dominican Republic real estate and tourism sectors are emerging from the ill effects of the 2008 worldwide economic decline.
Rob Chenvert, ABR®