The country received US$12,213.9 million in direct foreign investments between 2004 and 2010, US$ 2,662.6 million (8%) of which went to the real estate industry.
These resources are invested mainly in projects geared towards tourism, such as Cap Cana, Moon Palace Casino, Golf and Spa Resort and Hard Rock Hotel & Casino Punta Cana, Holiday Inn, to name a few built over the last 7 years.
This is according to a report prepared by the Dominican Center for Export and Investment (CEI-RD), which adds that the tourist industry alone received 15.2% of these investments (US$1,854 million), commerce and industry 14%, mining 13.5% and telecommunications 10.3%.
The USA is still the country investing the most in the Dominican Republic. During the aforementioned period Americans contributed US$2,953.53 million resulting in 24.2% of the abovementioned investments.
Canada is in second place with investments valued at US$2,126.3 million and Spain comes in third place with investments worth US$1,884.3 million, followed by Mexico, UK and France.
Source: El Día Newspaper