Like how Barbadians lament over their banking sector – Foreigners seem to be taking over Dominican businesses

According to the executive director of the Dominican Association of Foreign Financed Businesses (ASIEX), Salvador Demallistre, the political, economic and legal climate in the Dominican Republic is changing the country into one of the best places in the region for foreign investment.

This is especially true for those companies that want to grow outside of their native country, and has led to foreign purchases of leading Dominican companies like Induveca, Helados Bon, Cerveceria Nacional Dominicana, Brugal and now Tricom.

This is especially true for those companies that want to grow outside of their native country, and has led to foreign purchases of leading Dominican companies like Induveca, Helados Bon, Cerveceria Nacional Dominicana, Brugal and now Tricom.

In recent years, the drive to purchase Dominican companies has been led by Latin American businesses from Brazil, Mexico and Colombia.

Demallistre said that there were now 70 overseas companies with investments of more than US$20 billion in the Dominican Republic, and the fact that they had made such significant investments showed their confidence in the country. {DATA COURTESY El Dia/DR1}

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.

Comments

add a comment

Some HTML is OK

or, reply to this post via trackback.