The investments shown by the group total more than $200 million, which will be ready in the next 24 months.
Within the framework of the "Latin American Meeting of Real Estate Developers" (ELDI) 2024, held on June 6 and 7 in Panama, a group of local businessmen highlighted the numerous advantages that the Dominican Republic offers in terms of investment and return, emphasizing its significant advances in the industry.
Apartamentos RD, Constructora Composto, Desarrolladora DizDom and Constructora Hermidas brought more than half a century of experience in the sector to foreign soil, to the meeting where more than 350 leading developers of the Latin American real estate industry participated.
"This event has allowed us to demonstrate the numerous advantages that the Dominican Republic offers in terms of investment and return, highlighting its significant progress in the construction, real estate and tourism sectors," a press release notes.
During the event, representatives of these brands showcased the advantages of this Caribbean land, highlighting the impressive infrastructure developments and the quality of their real estate projects.
The press release also highlighted the country's economic stability, growing tourist demand, and attractive investment opportunities that translate into high returns for investors.
Among the destinations highlighted during the exhibition, the national representation showcased Punta Cana, as the country's most famous tourist destination, with paradisiacal beaches and a constantly expanding hotel and residential infrastructure, which continues to attract the attention of international investors.
"Santo Domingo City, the capital of the Dominican Republic, a vibrant center of culture, history and business, which continues to attract significant investments in real estate and commercial projects; Cabrera area, one of the areas of greatest tourist growth in recent years, known for its stunning landscapes and its potential for the development of luxury and ecotourism projects.".
They also included Puerto Plata, a region that combines historical and beach tourism, with innovative projects such as Punta Bergantín that promote the economic and tourist development of the area, and La Romana, recognized for its natural beauty and first-class tourist infrastructure, including world-class resorts and golf courses.
"These areas have demonstrated that the Dominican Republic is a country that encompasses all possibilities for investment, with all kinds of destinations that adapt to any type of investor appetite," the report emphasizes.
He explains that the investments demonstrated by this group of entrepreneurs total more than $200 million, which will be ready in the next 24 months.
Dominican delegation that participated in the event. (External source).
"Furthermore, emphasis was placed on the importance of maintaining continuous and sustainable growth in the sector. To achieve this goal, it was concluded that establishing clear and effective rules and streamlining permitting processes are essential. The need for innovation in the financial sphere was also underscored, enabling projects to be more profitable and of higher quality in their execution.".
ELDI 2024
The 10th edition of this event took place on Thursday, June 6th and Friday, June 7th at the JW Marriott Panama. It highlighted the four fundamental perspectives that every real estate project, leading city, and Latin American economy with aspirations for future growth must consider: innovation, resilience, inclusivity, and sustainability.
The event aims to bring together developers, funds, architects, and industry professionals to learn about and delve into the framework for the future of real estate based on the World Economic Forum's vision, its impact, and its adaptability to Latin American markets. It is organized by 4S Real Estate and Grupo SyG, according to the official website.
