US$11767 million foreign investment in DR over six years

posted on: Dec 23 2010 8:26 by The Reporter. Viewed 1053 times.

During the past six years the foreign investment flow to the Dominican Republic totaled US$ 11,767.4 million, comprising investments in property, mining and tourism, followed by commerce, industry and telecommunications.

To a lesser extent, the electricity, finance, free zones and transport sectors also showed growth.
According to statistics from the Dominican Republic’s Central Bank (Banco Central) and the Center for Exports and Investments (CEI-RD), they identified that the increased flow of Foreign Direct Investment (FDI) was in the property sector, which reached US$ 2629 million and recorded a a 22.3% share of total FDI during the period 2004-2010.

The mining sector received US$ 2,172 million making a 18.5% share in the total registered FDI in the period.

The tourism sector received US$ 1,801.8 million air a share of 15.3%, while trade and industry received US$ 1,595.6 million in the last six years from foriegn investors, representing 13.6% of total FDI during the 6 year period.

In electricity, foreign direct investment (FDI) totalled US$ 488.6 million in the last six years, with a share of 4.2%, the financial sector of US$600.8 million with 5.2%, and transportation US$ 654 million with a share of 5.5%.

In 2010 the largest foreign investment was in mining, amounting to US$ 829.1 million, followed by items such as telecommunications with US$ 313 million, trade and industry with US$ 301.3 million, real estate with US$ 202.5 million, tourism US$ 118.2 million, electricity with US$ 192.5 million, finance with US$ 58.8 million and free zones with US$ 31.5 million.