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Home > News > Dominican Republic

Dominican government expects US$2.4B in foreign investment 2009

SANTO DOMINGO.- The government expects around US$2.4 billion in foreign investments this year, announced several officials in the National Palace last night. They include housing, with participation of entrepreneurs form Spain, United States and the country, according to the officials.

Construction on some of those housing projects is set to begin in the next few days, they said.

Tourism, free zones, mining, agribusiness, biofuels, renewable energy are among the proposed projects, standing out the construction  5,000 houses for people of low income.

The officials said the houses are the first of 100,000 that Spanish, American and Dominican companies plan to build in a period of five years, to meet the existing deficit.

DominicanToday.com, 8 January 2009

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http://www.dominicantoday.com/dr/economy/2009/1/8/30665/Dominican-government-expects-US24B-in-foreign-investment-2009

Submitted by sunnycomfort on Thu, 01/08/2009 - 12:13 More

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