Government delivers two bridges in La Vega and Puerto Plata

Puerto Plata—The Government yesterday put into operation the bridges of Sabaneta, over the Camú River, in La Vega, and El Cangrejo, in Puerto Plata, built with an investment of RD$703 million and which are estimated to have an impact on the development of tourism and agricultural production in the northern region and will facilitate and speed up transportation.

The ministers headed the ceremony were Deligne Ascención of Public Works and José Ignacio Paliza, Administrative of the Presidency, and the provincial governors of La Vega, Luisa de la Mota and Hermanas Mirabal, Lisette Adames.

At the inauguration of the Sabaneta bridge, Ascención explained that this work was executed with an investment of RD$240 million and that the old metal bridge was replaced in 1934 by Rafael Leonidas Trujillo Molina.

The project has a metallic structure and reinforced concrete, with a length of 98 meters, two cantilevers of 10 meters of lateral supports in reinforced concrete, and approaches that connect with the existing road on both sides of the bridge.

It also has a central span in metal box girder type of 0.90 by 1.80 meters, with a reinforced concrete slab of 50 meters long and a roadway width of 10.70 meters, horizontal and vertical signaling.

“This work is fundamental for the inhabitants of the Hermanas Mirabal province and has an extraordinary impact on the municipality of Villa Tapia, which is considered one of the main banana producers in the region, with a total of 87,000 tareas planted, in addition to producing cassava, sweet potato, rice, corn, vegetables, among other agricultural products. Its inhabitants are also engaged in poultry, cows and pig production”, said Ascención.

The Government also left in operation the El Cangrejo bridge, which connects Puerto Plata, the Gregorio Luperón International Airport, and several tourist centers in the area, such as Sosúa, Cabarete, and Montellanos, which was built with an investment of RD$463 million 264 thousand.

The ceremony was led by the administrative minister of the presidency, José Ignacio Paliza, Senator Ginette Bournigal, and the governor, Claritza Rochet, among others.

He explained that the El Cangrejo bridge is a structure with a design adapted to the new construction technologies, which gives flexibility and strength to this type of building to support heavy loads and general road mobility.

Its length is 95 meters, including approaches, and the width is 19.8 meters for four lanes and 3.65 meters for the two pedestrian walkways and protective railings. It has a combination of post-tensioned concrete beams and steel beams resistant to corrosion by oxidation since it is close to the sea and has 20 support piles in each abutment.

The delivery of these bridges received the support of the community and civil society because they facilitated the transfer of products and the flow of people.

Investment funds boost employment and economic growth in the Dominican Republic

Santo Domingo.- The Dominican Association of Investment Fund Administrators (ADOSAFI) has highlighted the significant impact of investment funds on the country’s economy and job market. As of June this year, these funds have created 10,515 direct jobs and 19,569 indirect jobs, totaling over 30,000 employment opportunities. This substantial contribution to job creation demonstrates the crucial role of investment funds in fostering economic growth and stability.

ADOSAFI also reported that, by June of this year, investment funds have injected $1.7 billion USD into the productive sector. This investment accounts for approximately 1.6% of the Dominican Republic’s Gross Domestic Product (GDP), underscoring the substantial role of these funds in the national economy.

Santiago Sicard, the executive president of ADASAFI, emphasized the multifaceted benefits of investment funds. According to Sicard, these funds not only generate returns for investors but also create wealth for the broader community by generating jobs and providing families with stable sources of income. This approach aligns with building a stronger and more prosperous nation.

The $1,705 million investment has been channeled into 131 projects across 14 different types of productive activities. These projects span a wide range of sectors, including tourism, sustainable energy, industrial parks and free zones, construction and real estate, health, and other areas integral to the lives of Dominicans.

Investors, including pension funds, are increasingly interested in projects contributing to the country’s growth and the well-being of its population. ADOSAFI remains committed to monitoring and reporting the positive impacts of these investments, ensuring transparency and accountability.

The growth of investment funds and the stock market in the Dominican Republic is changing the landscape of investment, allowing pension savings to be directed towards profitable, future-oriented activities. These investments also yield immediate, tangible benefits, enabling broader participation in projects and activities that were once limited to a select few. This shift marks a significant advancement in the economic empowerment of the Dominican workforce and the nation’s overall development.

Port of Cabo Rojo in Pedernales poised to boost Dominican Republic’s cruise tourism

Pedernales.- The Dominican Republic is set to welcome the first cruise ship of 2024 to the newly completed first phase of the Port of Cabo Rojo in Pedernales. This development comes as the country celebrates a record-breaking year, with 10 million visitors, significantly boosted by cruise tourism. As of December 26, 2023, 2,198,578 passengers had arrived by sea, marking an impressive 110% increase compared to 2019’s figures.

The Dominican Port Authority (APORDOM) announced that the Port of Cabo Rojo’s first phase, featuring a 200-meter dock and a mooring knot, is ready. This facility can accommodate multiple vessels simultaneously. The inaugural reception of tourists at this port is scheduled for Thursday, January 4, at 10:30 AM, led by President Luis Abinader and APORDOM director Jean Luis Rodríguez, along with other officials and business leaders.

President Abinader and Director Rodríguez have played pivotal roles in elevating cruise tourism as a key component of the Dominican Republic’s tourism strategy. This includes significant investments in port infrastructure, such as the Port of Cabo Rojo, expected to stimulate economic growth in the Enriquillo region.

With 18 cruises scheduled before the end of 2023, cruise tourism is projected to represent 23% of total visitors for the year. APORDOM has made substantial investments in port facilities to cater to the increasing demand from cruise passengers. These efforts are part of President Abinader’s strategic vision and collaboration with the private sector.

Key Investments in Cruise Port Infrastructure:
– The La Romana Cruise Terminal expansion, with an investment exceeding 15 million dollars, allows the reception of Oasis-class vessels and has established La Romana as a crucial regional port.
– The inauguration and expansion of Taino Bay in Puerto Plata, with a 95 million dollar investment, has enhanced visitor experiences and contributed to Puerto Plata’s tourism growth.
– The construction of Samaná Bayport, a 22 million dollar project, aims to handle up to 10,000 cruise passengers daily upon completion.

The inauguration of Port Cabo Rojo’s first phase on January 4, 2024, is a milestone in the tourism development of southern Dominican Republic. With an investment of nearly 100 million US dollars, the port is expected to receive up to one million cruise passengers annually when fully operational.

Jean Luis Rodríguez, executive director of APORDOM, emphasized the critical role of public-private sector collaboration in this achievement. The combined efforts, including those of the Ministry of Tourism led by Minister David Collado and President Luis Abinader, have been instrumental in strengthening infrastructure and promoting the Dominican Republic as a premier tourist destination.

These achievements underline the Dominican government and APORDOM’s commitment to sustainable tourism development, reinforcing the country’s position as a leading Caribbean destination and aspiring to become the Cruise Hub of the Caribbean.

UNWTO Secretary General praises Dominican Republic’s tourism achievement

Santo Domingo .- Zurab Pololikashvili, the Secretary General of the World Tourism Organization (UNWTO), has extended his congratulations to President Luis Abinader and Tourism Minister David Collado for the Dominican Republic’s remarkable achievement of welcoming 10 million visitors in 2023. This accomplishment, as described by Pololikashvili, is a significant milestone for Dominican tourism.

In a post on his X account (formerly Twitter), Pololikashvili acknowledged the Dominican Republic’s leadership in global tourism under the guidance of President Abinader and Minister Collado. He commended the country’s success in reaching this impressive visitor count, which sets a new benchmark for Dominican tourism and is a point of pride for the nation.

Pololikashvili has consistently recognized the Dominican Republic’s tourism leadership on various global stages. His appreciation extends to the effective management and innovative strategies implemented during Minister Collado’s administration. This recognition underscores the country’s resilience and adaptability in the face of challenges, further highlighting its status as a leading tourism destination.

At an event in the historic Colonial City of Santo Domingo, Pololikashvili declared the Dominican Republic as the first country globally to achieve a full recovery in tourism post-pandemic. His remarks were echoed during the 118th meeting of the UNWTO executive committee held in May this year in the country, where he lauded the Dominican Republic’s exemplary performance in the tourism sector.

The Secretary General’s praise for Minister Collado and his team, coupled with the successful hosting of the executive council meeting, reflects the Dominican Republic’s strategic and effective approach to tourism development and promotion. This international acclaim from the UNWTO adds to the Dominican Republic’s growing reputation as a dynamic and attractive tourist destination on the world stage.

Dominican Republic and EuroChamber strengthen economic ties with new agreement

Santo Domingo.- The Ministry of Industry, Commerce and MSMEs (MICM) of the Dominican Republic and the EuroChamber of Commerce have signed a Memorandum of Understanding, a significant move to enhance investment, knowledge exchange, and commercial ties between the Dominican Republic and the European Union’s private sector.

The agreement, signed by MICM head Víctor Bisonó and EuroChamber President Jean Marco Pou, aims to bolster bilateral economic relations. Bisonó emphasized the strategic importance of the European market for Dominican products, citing the $4.8 billion trade exchange in 2022, with Dominican exports at $1.1 billion and imports at $3.7 billion. Key exports include cocoa, bananas, rum, cigarettes, and medical instruments.

The Dominican Republic, noted by Bisonó as the Caribbean’s leading destination for European foreign direct investment, stands out for its political and economic stability, dynamism, and international presence. This agreement represents an opportunity to identify and overcome trade barriers, thereby streamlining exchange processes.

Pou highlighted the fundamental nature of this alliance, underscoring the robust and growing export-import relationship between the regions. The agreement is viewed as a milestone in further developing these commercial ties.

The partnership between the MICM and the EuroChamber aims to promote bilateral economic relations, supported by various initiatives, actions, and projects. It is expected to facilitate the marketing of goods and services and identify business opportunities, particularly within the framework of the Economic Partnership Agreement between CARIFORO and the European Union.

The signing was witnessed by key figures from both sides, including EU Ambassador Katja Afheld and Luis Aranque, head of the Commercial Section of the EU Delegation in the Dominican Republic. This collaboration marks a significant step towards strengthening the Dominican Republic’s position in the global economic landscape.

MIREX and AIREN collaborate to boost Dominican Republic’s economic and cultural development

Santo Domingo.- The Ministry of Foreign Affairs (MIREX) of the Dominican Republic and the Association of Industrialists of the Northern Region (AIREN) have entered into a cooperation agreement aimed at bolstering investments and promoting the country’s overall development. This partnership is a strategic move to utilize the Dominican Republic’s strengths in fostering social, economic, and cultural growth.

Signed by Foreign Minister Roberto Álvarez and AIREN President Juan Ventura, the agreement outlines a biennial action plan. This plan focuses on strengthening the Dominican Republic’s global ties and enhancing international integration and cooperation processes in line with the National Development Strategy.

Foreign Minister Álvarez emphasized the significance of this collaboration, noting the Dominican Republic’s desirable position in various aspects, including political, economic, social, and cultural. He underscored the importance of recognizing the factors contributing to this stage and the value of partnerships between the private and public sectors in sustaining development and growth.

Juan Ventura, President of AIREN, highlighted the critical role of this mission in improving the country’s commercial relationships and balancing trade. He acknowledged the nation’s and, particularly, the region’s industrial potential, stressing that such collaborations are key to maximizing these capabilities.

This initiative aligns with President Luis Abinader’s foreign policy objectives, which include increasing exports and investments to create more job opportunities in the Dominican Republic. Through this agreement, MIREX and AIREN aim to leverage their collective resources and networks to advance the nation’s position on the global stage and stimulate its economic and cultural progress.

Company of the Year by Latinvex: Arajet

Miami.- There’s a new regional player in Latin American aviation: Arajet, a
low-cost company started in the Dominican Republic in September 2022
which now flies to 23 destinations in 16 countries in North, Central and
South America.

Bain & Co and alternative asset management business Griffin Global Asset
Management are financial partners while the Boeing Company and
France-based Vinci Airports are strategic partners.

Bain and Griffin are investing $3 billion in Arajet over a five-year
period, Chile-based, Latin America business magazine America Economia
reports.

The new carrier faces competition from Latin America’s top two airlines
Chile-based LATAM and Colombia-based Avianca as well as Panama-based
Copa.

“There is a land grab — or air grab, if you prefer — in Latin America
generally now between the various carriers,” Mike Arnot, an analyst at
Cirium, told the Financial Times in June. “Every player sees
opportunities to add capacity.”

Arajet’s CEO and founder Victor Pacheco said he studied 100 airline
failures in the Caribbean to learn from their mistakes. The new airline
is unique for two reasons, he argues. First, it’s not based on taking
away passengers from existing airlines, but creating new passengers.
Second, unlike most other low-costs in Latin America (which typically
serve domestic markets), it flies long distances.

“If we … compare the market share of the competitors, we see that they
have not been impacted in terms of the number of passengers flying in
their airlines,” Pacheco tells America Economia. “You can even see that
they have been growing slightly. So we have not entered the market to
take their clients. We have stimulated new clients and we are managing
to captivate that new clientele to fly on Arajet.”

These days it’s become common to hear about middle or lower-class
Dominicans who have never flown before enthusing about their recent trip
to Medellin, Colombia.

Arajet also flies to destinations like Argentina, Brazil, Chile, Costa
Rica, Ecuador, El Salvador, Guatemala, Mexico and Peru and Caribbean
islands Jamaica, Aruba, Curacao and Saint Martin. It is waiting for
approval to fly to the United States, Uruguay, Paraguay and Bolivia.

Among Arajet’s latest connections to start is Canada, where the carrier
last month inaugurated flights to Toronto and Montreal from Dominican
capital Santo Domingo.

“Arajet …establishes Santo Domingo as an exciting new hub on the
continent for Canadians, connecting them to more than 10 countries in
the Americas, such as Brazil, Argentina, Chile, Curacao, Aruba, and
Colombia, with a low fare airline that does not compromise on customer
service and experience,” Pacheco said at a ceremony in Toronto marking
the new connections.

Arajet hopes to replicate the success of Panama’s Copa in using a hub to
connect passengers throughout the Americas.

The airline transported more than 500,000 passengers this year and
Pacheco expects 1.5 million next year when the airline gets approval to
fly to US destinations. It is currently waiting for approval from the US
Federal Aviation Administration to fly to New York, Miami and Puerto
Rico.

An estimated 2.4 million people of Dominican Republic origin live in the
US and visitors from the United States typically make up about 50% of
total inbound passengers and flights, according to data from Pew
Research Center and the Dominican Tourism Ministry quoted by
FDIintelligence.

Arajet’s goal is to reach seven million passengers by 2028 using 40
planes.

Thanks to Arajet’s lower prices, Pacheco believes prices have gone down
among other airlines in Latin America.“The region needed Arajet,” he
told FDIintelligence.

As a result of its strong growth and significant potential, Arajet has
been named Company of the Year by Latinvex.

By: Latinvex Staff

President Abinader to inaugurate construction of “Dominicana Azul” solar project

Santo Domingo.- President Luis Abinader is set to lead the groundbreaking ceremony for the “Dominicana Azul” photovoltaic solar project this Friday. Developed by the Canadian company Azul Zenith Energy Corp, SRL, this significant clean energy initiative is expected to create over 900 direct jobs in the Dominican Republic.

The ceremony will be held in the municipal district of Arroyo Salado, Cabrera, in the province of María Sánchez, Nagua. The “Dominicana Azul” project, under the leadership of Oscar Ordoñez, Rafi Farah Carbonell, and Carlos Ureña in the Dominican Republic, represents a major step towards sustainable development.

The solar plant is projected to contribute 182,611 megawatts annually to the National Interconnected Electrical System, effectively supporting numerous industries and households while reducing energy costs. Its modern infrastructure will include an automated electrical substation and a 138,000-volt transmission line spanning approximately 37 kilometers. This will enhance energy transmission capabilities between the Northeast region and the Cibao Central area.

Beyond its energy contributions, the project aligns with environmental goals by reducing over 100,000 tons of CO2 emissions annually, supporting the Dominican Republic’s commitment to combating climate change. As the largest solar park in the northern region, “Dominicana Azul” will also provide stability to the electrical grid and encourage further investments in national development.

CORAAPPLATA supports Punta Bergantín tourism project in Puerto Plata

Puerto Plata.- The Puerto Plata Aqueduct and Sewer Corporation (CORAAPPLATA), represented by its General Director, Oliver Nazario Brugal, has expressed strong support for the Punta Bergantín project, a significant development in the region’s tourism sector.

Brugal emphasized CORAAPPLATA’s commitment to the project, particularly in light of the planned commencement of hotel construction in Puerto Plata in the first half of 2024. He recognized the project’s critical role in furthering the tourism development of Puerto Plata, reinforcing its status as a key destination in the Caribbean.

The proposed hotel developments, currently in the design phase, represent a substantial investment of over US$180 million. The project is being undertaken by the Martinón Group, a Spanish company with a heritage and specialization in tourism investments. This project signifies a major boost to the local economy and tourism industry, promising to enhance Puerto Plata’s appeal to visitors from around the world.

Puerto Plata welcomes record number of cruise visitors

Puerto Plata.- Puerto Plata, famously known as the bride of the Atlantic, is celebrating a significant milestone today with the arrival of five majestic cruise ships. This event marks the largest number of visitors the city has received in a single day, totaling 27,313. These cruise ships docked at the city’s two tourist ports, Taíno Bay and Amber Cove, further cementing Puerto Plata’s reputation as a top international tourist destination.

The cruise ships contributing to this record include the Carnival Celebration, carrying 6,275 passengers and 1,763 crew members; the Carnival Vista with 4,738 passengers and 1,417 crew; the Grandeur of the Seas hosting 2,300 passengers and 771 crew; the Norwegian Encore with 4,903 passengers and 1,631 crew; and the Scarlett Lady, ferrying 2,347 passengers and 1,168 crew.

Atahualpa Paulino, the regional director of tourism, expressed that this impressive influx of cruise ships not only enhances Puerto Plata’s tourist offerings but also significantly boosts the local economy. He emphasized the visitors’ opportunity to experience the Dominican hospitality, explore the natural and cultural treasures of the province, and engage in the unique experiences the destination offers.

Paulino also credited this achievement to the trust and dedication of President Luis Abinader and the Minister of Tourism, David Collado. Their visionary leadership has played a crucial role in establishing Puerto Plata as a world-class tourist destination. This influx of tourists is a testament to the success of the government’s strategy in promoting sustainable tourism and generating economic opportunities within the Dominican Republic.

Dominican Republic’s tourism sector thrives through diversification

Santo Domingo.- Jacqueline Mora and Tammy Reynoso, vice ministers of the Ministry of Tourism (Mitur) in the Dominican Republic, have emphasized the nation’s status as a tourism leader. Their focus on diversifying the country’s tourism offerings has been instrumental in maintaining this position.

Mora highlighted the government’s prioritization of tourism, aiming to establish the Dominican Republic as a multifaceted destination. Beyond traditional beach tourism, the country offers diverse options like golf and cruise tourism, contributing significantly to the sector’s success.

The distinction between overnight visitors (tourists) and day visitors (excursionists) is crucial in understanding tourism dynamics, as per Mora’s explanation. This comprehensive approach to measuring visitor numbers reflects the country’s robust tourism activity.

Reaching the milestone of 10 million visitors is a significant international metric, and both Mora and Reynoso see tourism diversification as key to achieving this goal. They pointed out that similar milestones have been celebrated in other countries, underlining the importance of productivity in the tourism sector.

Achieving this goal would not only demonstrate the sector’s growth and productivity but also reposition the Dominican Republic in the global tourism market.

Reynoso discussed efforts to revitalize the Colonial Zone since the beginning of the current administration. Initiatives like TurisZoneando have been launched, involving activities such as free museum access and church openings. He also mentioned the ongoing second phase of the Inter-American Development Bank (IDB) project in the Colonial Zone, which includes street remodeling, infrastructure improvement, and the restoration of monuments.

These efforts reflect a strategic approach to enhancing the Dominican Republic’s appeal as a diverse and vibrant tourist destination.

Private aviation tourism in the Dominican Republic generates over US$400 million

Santo Domingo.- Non-commercial private aviation generates more than US$400 million for the Dominican Republic, according to Víctor Pichardo, executive director of the Airport Department (DA).

“Only through the Atlantic more than 200 operations are carried out, plus all the visitors that arrive. It is a tourism that we are promoting, since in the region the Bahamas and all the islands are also capitalizing on our private aviation tourism,” he told the press.

He pointed out that “we have also managed to promote the elimination of measures that previously existed, for example: to travel from Higüero to Montecristi you had to request a 24-hour permit and now, with your flight plan notification, you can visit any international or local airport.”

Pichardo explained that private aviation in the Dominican Republic has been in existence for years, but that in this administration it has been promoted by President Luis Abinader through Decree 259-23, under the coordination of the Airport Department and institutions and agencies of the sector.

He said that a protocol for non-commercial private aviation was approved, becoming an executive order, also linked to all state organizations and agencies such as the Directorate General of Immigration, Customs, the Dominican Institute of Civil Aviation (IDAC), the Specialized Body for Airport Security and Civil Aviation (Cesac), and the Air Force.

Pichardo insisted that the goal of the Airport Department with the Non-Commercial Private Aviation Protocol is to offer another face to tourism in this segment. “We are confident that we are succeeding in covering an important tourism market.”

“We continue to move forward by signing agreements with the consulates of New York, Chicago, Orlando, Jamaica and others that are in process,” said the official.

President Abinader’s ambitious airport infrastructure overhaul

Santo Domingo.- The Dominican Republic is making significant strides in improving its airport infrastructure under the leadership of President Luis Abinader. The government’s plan includes the expansion and modernization of existing airports and the development of new ones to meet the evolving demands of the aviation sector.

A crucial part of this plan is the renegotiation and expansion of the concession contract with Aerodom-VINCI. This contract covers the management of six airports, including Las Américas International Airport and Joaquín Balaguer Airport in Santo Domingo, Gregorio Luperón Airport in Puerto Plata, María Montez Airport in Barahona, and the President Juan Bosch and Arroyo Barril Airports in Samaná.

The government has also initiated several significant projects. The tender for the Cabo Rojo airport in Pedernales began on November 30. This airport is expected to play a key role in boosting the southern region’s tourism and economy, with an initial investment of US$1.3 billion.

The Osvaldo Virgil domestic airport in Montecristi is undergoing a major upgrade, including runway resurfacing and the construction of a more modern terminal. This project aims to improve facilities for both national and foreign pilots.

Additionally, President Abinader commenced construction of a new airport, El Granero del Sur, in the San Juan de la Maguana area. This commercial airport is set to be operational in the third quarter of 2024 and will provide various services including agricultural technology and access to the province’s natural heritage.

Moreover, the government is exploring the construction of new heliports as part of expanding the National Heliport Network. Potential sites for these new heliports include lands near Esmeralda beach in Miches, Cabrera municipality, and the Cayo Levantado islet in Samaná.

These initiatives reflect the government’s commitment to enhancing the Dominican Republic’s aviation infrastructure, supporting the tourism sector, and fostering economic growth.

Cap Cana sets its sights on real estate tourism

Punta Cana.- Cap Cana, situated in La Altagracia province, Punta Cana, is a private, exclusive urban development flourishing due to the boom in its hospitality and real estate sectors. This growth is fueled by tourism and local support, with an overarching ambition to transform Cap Cana into a leading Caribbean metropolis.

The city’s development is driven by real estate tourism, a sector experiencing significant growth, according to Fernando Hazoury, President of Cap Cana’s Board of Directors. In a discussion with Listín Diario’s director, Miguel Franjul, Hazoury emphasized the importance of balancing the focus on both real estate and hotel tourism, considering the latter’s already established significance.

Cap Cana, as a destination, aims to offer a peaceful, secure, and well-organized environment, complete with all amenities expected in a developed country. Currently, the city boasts 4,719 real estate units, 2,876 hotel rooms, and an additional 5,436 units under construction. Hazoury also highlighted the need for a comprehensive plan to mitigate environmental challenges impacting buildings more than anticipated.

Acknowledging human errors and environmental impacts, Hazoury envisions a future for Cap Cana with advanced infrastructure like tunnels, organized city planning, and a strong commitment to environmental and ecological standards. Real estate tourism investment poses economic challenges due to delayed returns, but Hazoury sees it as a necessary step for growth.

Founded entirely by Dominicans, Cap Cana is distinguished by its white sandy beaches, palm trees, and turquoise waters. The city is self-sufficient, managing its water resources responsibly. Hazoury draws parallels between the Dominican Republic’s potential growth and Spain’s economic transformation through tourism and environmental stewardship.

He foresees a significant increase in tourism in the Dominican Republic, mirroring Spain’s trajectory. The focus on diversifying tourism, particularly through real estate, is viewed as a catalyst for national economic prosperity. Cap Cana itself represents a substantial investment, with US$1.5 billion in infrastructure and a vast land area, providing significant employment opportunities.

The operational team of Cap Cana, predominantly composed of young professionals, is praised by Hazoury for their effective management, reflecting his confidence in the city’s future and the country’s tourism potential.

On December 19, 8 cruise ships will arrive in the country; this month alone there are 104 scheduled to arrive in the country

Santo Domingo, DR—The provinces of Puerto Plata, Samaná, La Romana, and the National District are preparing to receive thousands of tourists who will arrive on the Caribbean coasts this December on 104 high-level cruise ships, five of which will touch Dominican soil for the first time, according to a report on the ports made by the Dominican Port Authority (APORDOM).

According to APORDOM data, the cruise ships that will touch the Dominican Republic for the first time will arrive at the Taino Bay terminal, belonging to the ITM Group company, in the head municipality of the province of Puerto Plata and whose first stage was inaugurated in December 2021, then to complete its second stage in February of this 2023.

The reception of these new vessels began on Monday 4 with the Norwegian Prima. It will continue on Friday, 08, when the Celebrity Ascent arrives, while on Saturday, 9, the Oceania Vista cruise ship will be received; on Sunday, 10, the Explorer of the Seas, and on December 26, the Brilliant Lady.

Likewise, the Dominican Port Authority reports that for Tuesday, December 19, the most significant movement of vessels in the country is expected since it is planned to receive eight cruise ships simultaneously through the terminals of Taino Bay, Amber Cove, and Samaná, the Explora 1, Nieuw Amsterdam, Aida Diva, Carnival Celebration, Carnival Vista, Scarlet Lady, Norwegian Encore and the Grandeur of the Seas.

The data presented correspond to the projection calendar of calls to be received in December 2023, taking into account that some variants may generate changes in the same, such as weather conditions changes of routes by the cruise lines, among others, thus being able to decrease or increase the number of calls.

The director of the Port Authority, Jean Luis Rodríguez, highlighted the importance of the movement of cruise passengers for these coastal provinces as well as the increase in the number of vessels that will be received this December concerning 2019 and 2022, where 76 and 97 cruise ships arrived in the Dominican Republic, respectively.

“Cruise passengers arriving in our country will have the opportunity to explore the natural and cultural beauties of these destinations, and at the same time consolidate the economy by promoting tourism in front of our population and even interaction with businesses and services in the area,” Rodriguez said.

At the end of November 2023, the Dominican Port Authority (APORDOM) registered 1,933,385 passengers by sea, an increase of 75.48% compared to January-November 2022, when 1,101,754 cruise passengers were reported.

Dominican Republic’s nautical tourism flourishes with over 3,000 Vessels in 2023

Santo Domingo.- The Dominican Republic has witnessed a remarkable surge in nautical tourism, with over 3,000 vessels arriving in 2023. This sector, which has significantly boosted the nation’s economy and job market, is expected to see even more growth, potentially doubling by 2030.

Investments in marinas, infrastructure, and real estate offerings have surpassed US$1,000 million, creating nearly 5,000 jobs. The Dominican Association of Sports Marinas and Nautical Clubs (ADMC) officials, including President Juan Bancalari, member Silvano Suazo, and Treasurer Ewald Heinsen Brown, have emphasized the industry’s economic impact. Nautical tourism attracts affluent tourists seeking diverse products and services, including equipment rentals, boat repairs, sailing schools, accommodations, vehicle rentals, land excursions, and provisions for food, drinks, and fuel.

The ADMC directors noted a significant shift in the industry’s perception of the Dominican Republic. Once not considered a nautical destination and even restricted for vessel passage, the country now presents a safe and secure image, thanks to efforts by sports marinas, yacht clubs, and the Dominican Republic Navy. With around 30,000 vessels crossing the Caribbean annually during the winter months in Europe and the United States, the Dominican Republic is now a prominent destination on their map.

Key destinations along the Dominican route include Puerto Plata, Samaná, Punta Cana, Cap Cana, La Romana, and the upcoming Punta Arena-Baní marina. The addition of the Montecristi Nautical Club further enhances this thriving circuit.

The economic contribution of this sector is substantial, with each vessel paying US$75.00 in taxes and an additional US$13.00 per crew member. The country boasts world-class facilities like Marina Casa de Campo, Cap Cana Ciudad Destino Marina, Ocean World, Puerto Bahía, Club Náutico de Santo Domingo, Punta Cana Resort & Club, and Dockside Marine.

Furthermore, the Dominican Republic’s attractive airports and road infrastructure complement its nautical tourism, offering excellent connectivity and supporting the continuous growth of this vibrant sector.

Companies agree to establish new health centers in the country

Santo Domingo—The Pioneer Investment Fund Administrator and the healthcare asset management company Integra signed an agreement to develop a national investment project to construct modern healthcare centers in different parts of the country.

In a joint press release, the companies informed that this agreement seeks to establish an institutional healthcare model to ensure the quality and safety of medical services with international standards for all Dominicans.

They assured that this strategic union represents an innovative project aimed at directly addressing the leading causes of mortality in the country and, at the same time, promoting the country as a first-class medical tourism destination.

Dr. Gastón Gabin, Integra’s representative, said that the country faces a critical deficit in health infrastructure, requiring approximately 5,000 additional beds to meet World Health Organization standards and health professionals. Héctor Garrido, representing Pioneer, said that the private investment sector is fully committed to transforming healthcare in the country.

Dominican Republic’s MIVED achieves historic milestone with over 7,000 homes delivered

Santo Domingo.- The Ministry of Housing and Buildings (MIVED) of the Dominican Republic has reached a significant milestone, surpassing the construction and delivery of over 7,000 homes in under four years. This achievement aligns with the promises made by President Luis Abinader and was celebrated with the recent handover of 248 homes in Hato Nuevo, Santo Domingo Oeste by Minister Carlos Bonilla.

With this latest addition, MIVED has completed 100% of the My Housing Hato Nuevo project, which has resulted in 1,312 homes, positively impacting over 4,400 individuals. Minister Bonilla emphasized the government’s commitment to continuing this trajectory, ensuring that more Dominican families will have access to their own homes, as pledged by President Abinader.

Initiated in 2021 by President Abinader and Minister Bonilla, the My Housing Plan represents an investment exceeding RD$3,337.9 million and has generated over 2,400 direct jobs. The success of this project was also acknowledged by Ysidro García, Deputy Business Administrator of the Banco de Reservas, highlighting the delivery of these homes to deserving Dominican families.

The Hato Nuevo My Housing Plan encompasses 1,312 units, with 1,112 three-bedroom and 200 two-bedroom apartments. Spread over 85 thousand square meters, the complex includes extensive green areas, institutional spaces, play areas, parking, and recreational facilities like a basketball court.

The handover of homes in Hato Nuevo began in 2022, with subsequent deliveries throughout 2023. This project is part of a series of completed housing initiatives across various regions, including Los Salados and La Barranquita in Santiago, and others in San Pedro de Macorís, Bahoruco, San Juan, Montecristi, and Santo Domingo Norte.

MIVED’s ongoing projects in Hato del Yaque, Santiago; San Luis, Santo Domingo Este; and Ciudad Modelo, Santo Domingo Norte, contribute to the total of 7,006 apartments built in this period. The Hato Nuevo delivery event was attended by key figures, including Julia Drullard, Governor of Santo Domingo province, and other notable dignitaries, with the ceremony being blessed by the parish priest Edvaldo Darrocha.

President Abinader announces significant reduction in poverty and employment growth

Santo Domingo.- President Luis Abinader of the Dominican Republic announced a notable decrease in the country’s poverty rate, marking a 23.4% reduction from April to June 2023, reaching the lowest level since 2016. This significant development aligns with his administration’s economic policies and initiatives.

On salary increases, President Abinader highlighted that his administration has implemented two minimum wage hikes: a 19% increase in 2022, followed by a 15% increase in 2023, with an additional 4% planned for February 2024. The cumulative wage increase from 2022 to 2024 stands at 38%, against an accumulated inflation of 22.7% from 2020 to 2023.

In terms of the minimum wage measured in dollars, there has been a 35.7% increase over three years, rising from US$245.8 (2012 to 2020) to US$333.6 (2020 to May 2023).

Addressing the evolution of the labor market, President Abinader reported the creation of 222,497 jobs from September 2022 to September 2023, with 164,498 being formal employment, accounting for 74% of the total. Since the beginning of his government, a total of 422,739 new formal jobs have been created across various sectors, including hospitality, retail, services, manufacturing, construction, transportation, and healthcare.

During his speech at LA Semanal, which focused on the theme “More and better jobs,” President Abinader also highlighted job growth in free zones, showing a 20% increase since 2020, reaching 197,313 jobs in October 2023.

In the micro, small, and medium enterprise (MYPIME) sector, the President noted significant job contributions, with microbusinesses accounting for 9.2% of jobs, small businesses 13.2%, and medium-sized businesses 4.9%.

For the third quarter of 2023, the employment figure stands at 4.85 million, marking the highest historical employment level in the Dominican Republic. This indicates a robust and growing job market under President Abinader’s administration.

Your new home awaits.