Foreign investment represents more than 30% of the total entering the country, with a total impact on 16% of the Gross Domestic Product (GDP).
SANTO DOMINGO. - Asonahores, the Dominican Republic's Hotel and Tourism Association, said today that the Dominican Republic will close this year with record figures in the sector, particularly with investments of more than one billion dollars in tourism projects.
During the celebration this Monday of the fifth edition of its “Tourism Investment Forum”, representatives of the sector highlighted the foreign investment that represents more than 30% of the total that enters the country, with a total impact on 16% of the Gross Domestic Product (GDP).
Rafael Blanco Tejera, president of Asonahores, stated that the sector generates more than 570,000 direct and indirect jobs and that this year the country will close with more than US$8.4 billion in revenue from that sector.
“And this success that we have achieved as a country is due to the existence of a clear public-private policy of support for the tourism sector, and this has led us to create a functioning ecosystem based on six fundamental pillars: a policy to promote investment; fiscal stability with clear long-term policies; labor stability; tourism infrastructure; an aggressive air connectivity policy; and finally, the great public-private alliance that we have forged, which has guaranteed a unified strategy to boost the sector,” said Blanco Tejera.
Central Bank Governor Recognized
During the forum, the governor of the Central Bank, Héctor Valdez Albizu, was recognized for his great contributions to the tourism sector.
“I humbly accept this distinction not only on my own behalf, but also on behalf of the entire team of officials and technicians of the Central Bank of the Dominican Republic who accompany me daily in fulfilling, with a great sense of responsibility and commitment, the crucial mission of ensuring price stability and guaranteeing the regulation of the financial system, as well as promoting the efficiency and security of payment systems, acting as the executor of monetary, exchange rate and financial policy, to contribute to the stability and growth of the national economy,” the official stated.
He reaffirmed his commitment to guiding monetary policy towards achieving his inflation target, contributing to the development of economic activity and maintaining an environment of certainty, which is essential for the proper flow of local and foreign investments, combined with a climate of social peace, legal security and clear and transparent rules.
