Report highlights Spanish investment in the Dominican Republic

Santo Domingo.- The Official Spanish Chamber of Commerce in the Dominican Republic (CAMACOES RD) presented the report “Spanish Companies in the Dominican Republic: Strategic Allies” in collaboration with the Chamber of Commerce of Spain, the Spanish Embassy, and its Economic and Commercial Office. The event, marking CAMACOES RD’s centennial, was attended by key figures, including Minister of Industry, Commerce, and MSMEs Víctor Ito Bisonó, CAMACOES RD President Francisco Pérez, and Spanish Ambassador Antonio Pérez-Hernández y Torra.

The report highlights Spain’s significant role as an investor in the Dominican Republic, particularly in tourism and energy. CAMACOES RD represents over 400 affiliated companies, with 14% being fully Spanish-owned. In 2023, Spanish investment in the country reached a record US$668.4 million, making Spain the second-largest foreign investor. Spanish companies have demonstrated long-term commitment, expanding even during economic challenges and contributing to local development.

Minister Bisonó praised Spanish investment as essential to the Dominican Republic’s economic growth, attributing its success to macroeconomic stability and a favorable business environment.