Dominican Republic Report for Khaleej Times

Even during a pandemic, President Luis Abinader’s policies have brought unprecedented economic growth, reliable governance, legal security, a boost in investments and international trust.

Dominican Republic is the first destination country for FDI in the Caribbean, with US $3 billion in 2021 and an expected 25% increase this year.

these numbers are related to the pandemic-induced change of paradigm regarding the ways in which goods and services are produced, distributed and consumed.

Since global value chains have been shortened, bringing production centers closer to consumer markets, what is now known as “nearshoring” has become the preferred choice.

Furthermore, in order to implement this strategy, they have launched different mechanisms to ensure transparency and fight corruption. The Zero Bureaucracy Program’, and the ‘National Competitiveness Strategy’ ensure the regulation and simplification of bureaucratic procedures.

A booming recovery for one of the region’s most powerful economies