Dominican Republic’s tourism sector accounts for 8% of GDP; has an aggregate value of 8.6% and an average growth of 1% higher than the economy as a whole, and supplies 332,589 jobs, or 8.4% of country’s the total,
AES Dominicana, a subsidiary of the AES Corporation of the United States, continues to bolster its strategic alliance with Grupo Linda, an economic consortium headed by Félix García, which increased its minority shareholding within the energy group.
Santo Domingo.- China Commercial Development Office representative in the Dominican Republic, Fu Xinrong, on Thurs. said Chinese companies will invest US$350.0 million in a multifunctional hydraulic project on the Yuna River and US$200.0 million to build 10,000 low cost houses, of between 50 and 60 square meters.
Santo Domingo.- Energy and Mines minister Antonio Isa Conde on Tues. announced the fiscal policy and contractual proposals to develop Dominican Republic’s oil and gas industry, with options based on tax and production sharing, and balanced profit for the State and investors.
Trinidad & Tobago deputy minister for Trade and Industry, France Seignoret, on Sunday stated her country’s interest in wider ties on trade, business and collaboration in Dominican Republic’s other areas development.
Santo Domingo.- A mission of Taiwan’s Chambers of Commerce of worldwide is exchanging information with Dominican authorities on possible investments in the Caribbean country, especially textiles, agriculture, industry, biochemistry, energy and services.
Dominican Civil Aviation Institute (IDAC) director Alejandro Herrera on Monday said president Danilo Medina wants to turn the airfields at Constanza and Montecristi into international airports to spur domestic production for local and foreign markets .
Willemstad, Curacao.- The Dominican Republic on Monday signed the Political Dialogue Act with Curacao, Aruba, St. Martin and the Netherlands, which creates work groups for economic cooperation, health tourism, sustainable development, connectivity between islands, and in other areas.