Foreign direct investment reached a total of US$2,153.0 million for a year-on-year growth of 5.3% equivalent to an absolute increase of an additional US$109.2 million.
SANTO DOMINGO.-With the aim of promoting the competitiveness and productivity of the Dominican Republic, the Export and Investment Center of the Dominican Republic (ProDominicana) and the Center for Industrial Development and Competitiveness (PROINDUSTRIA) signed a collaboration agreement to expedite procedures through the Single Window for Investment of the Dominican Republic (VUIRD).
In this regard, the executive director of ProDominicana, Biviana Riveiro Disla, indicated that this agreement was made with the purpose of streamlining processes and procedures for transparency for investors who wish to establish industries in the country, and in this way favor the development, competitiveness and profitability of this important sector for the Dominican economy.
It is worth noting that during the period January-June 2023, foreign direct investment reached a total of US$2,153.0 million, representing a year-on-year growth of 5.3%, equivalent to an absolute increase of US$109.2 million. This figure represents the highest FDI inflow for the first half of the year in the last decade (2014-2023).
“We are confident that this alliance will support the production and marketing processes of Dominican industries due to the large number of jobs they generate in the country and their flexibility in adapting to new technologies. This is why the government of President Luis Abinader has worked in favor of this important sector,” he stated.
In that order, the general director of Proindustria, José Ulises Rodríguez Guzmán, explained that both parties agreed to give priority to the requests for licenses, permits and/or certifications made by investors to Proindustria, through the VUI.
Rodríguez highlighted the commitment to guaranteeing the distribution and logistics mechanisms of the products at the national level and in international markets, understanding that the country's industries represent one of the main pillars of the Dominican economy.
Riveiro also highlighted that this agreement involves the mobilization of resources and will to take advantage of the country's new development opportunities with the complementary support of platforms that articulate tools such as Data Market, SAIM, RAMI, among others.
