Technical Vice Minister of Tourism, Jacqueline Mora. (External source)

Investments in Tourism Construction Projects Reach US$10,799 Million in the Dominican Republic

Foreign investment accumulated in the tourism and real estate sectors totals US$13,144 million.

Investments in tourism construction projects in the Dominican Republic amount to US$10,799 million, with the real estate segment leading these initiatives.

To date, there are 187 investment projects approved by the Tourism Development Council (Confotur), according to Jacqueline Mora, Technical Vice Minister of Tourism.

Additionally, the Ministry of Tourism reported other investment projects (not itemized) totaling an extra US$1,072 million.

Investment Breakdown by Category

During a keynote conference on the growth of real estate tourism—held as part of the second Expo Forum on Culture, Strategy, Business and Innovation (CENI) in Santiago—Mora explained that the main investment category is:

Real estate: US$4,527 million

Hotels: US$4,444 million

Infrastructure: US$756 million

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Foreign Investment

Mora stated that accumulated foreign direct investment in the tourism and real estate sectors represents 37% of total accumulated foreign investment in 2022, equivalent to US$13,144 million.

She emphasized that, after analyzing these and other indicators, it is essential to continue fostering the tourism and construction sectors. Alongside other priority areas of the economy, they will continue to grow, as they represent part of the country’s future.

“Construction has been one of the great protagonists of recent years; there is no tourism without infrastructure, and the ‘Ciudad Corazón’ has been a pioneer in real estate tourism,” she said.

Mora also used the event to highlight the work carried out over the three years of the current government’s administration at the Ministry of Tourism.

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About the Event

The second CENI Expo Forum—organized by El Inmobiliario and Ganar-Ganar—brought together leaders and experts from construction, real estate, and tourism, underscoring the potential of these dynamic segments of the northern region’s economy.

At the event, titled “Northern Region: The Beating Dominican Heart,” the third edition of El Inmobiliario was launched, now with a circulation of 7,000 copies.

Source: Diario Libre — Santo Domingo
Date: July 2, 2023 | 11:35 a.m.