DR Wins First Place Award on Connectivity Issued by Financial Times FDI Magazine

Santo Domingo, April 9, 2018 – The Dominican Republic continues to show positive results in the areas of economic growth and foreign investment, specifically in the tourism industry where the latest numbers indicate that 48% of direct total foreign investment went to the sector and that more than eight thousand hotel rooms were built in 2017.

These multiple success stories accumulated by the D.R. contributed to the first place award issued on Connectivity, and a third place award for its solid economic growth.  The awards were issued by FDI Magazine, published by The Financial Times, the prestigious British daily which specializes in issues related to investment, the economic and the private sector.

Among the countries listed by the publication under the heading “Island Economies of the Future 2017/2018,” the Caribbean nation appears in the top four positions in the Human Capital, Lifestyle, Economic Potential and Business Friendliness categories, as revealed by a study that included 43 island nations throughout the world.

On the Connectivity award the study centered on the country’s six international airports, which serve and link the Dominican Republic with 73 destinations throughout the world.  The research also reveals that the D.R. comes out ahead of all other nations, specifically because of its favorable geographical position in the Caribbean, its 12 commercial ports and five cruise ship ports.

The Dominican Republic surpasses, among others, the Bahamas (second place); Cypress (third); Mauritius (fourth); the Maldives (fifth); and Jamaica (sixth).

At the same time, the publication – published every two months – indicates that the country came in third place in the category “Overall Performance” and sixth – among 20 nations – in the category “Future Tourism Destinations 2017/2018,” where Thailand and the Maldives occupied the first two slots.

The study also reveals that since 2012 the tourism sector was the one that most contributed to the creation of jobs in the country (27%), in relation to other sectors of the economy such as the real estate and textile sectors.  The last two created 11% and 10% of all jobs in the country, respectively.

In order to be included in the study, the 43 island nations had to have 10% of its GDP generated by the tourism sector, or 10% of all foreign investment projects going to the sector.

FDI used data available online, through benchmarking, and other investigative tools.

FDI Intelligence, published by The Financial Times, offers its readers current information on global investment and highlights opportunities and risks that foreign investors could face.

It also specializes in all areas related to investment promotion and economic development, news on Direct Foreign Investment, as well as in-depth analysis of the investment climate in the private sector.

Source: http: cicom.co/