DR Tourism Industry Generates US$164 Million in Foreign Investment During 2010

The dynamic Dominican tourism industry generated some US$164 million during 2010, according to a report issued by the Center for Exports and Investment of the Dominican Republic.

During 2000 to 2010 direct foreign investment in this sector peaked at US$2.3 billion, thus becoming the second most important foreign exchange earner of the Dominican economy.

At the same time the real estate sector, with strong ties to the tourism industry, generated last year alone US$246.2 million.

In all, foreign direct investment last year totaled US$1.6 billion combining the telecommunications, mining, industry, commerce, real estate, tourism, electricity, finance, transport and free zone sectors, among others.

The countries that invested the most in the Dominican Republic last year were Mexico (US$369.2 million); Canada (US$329.2 million); the United States (US$306.8 million), and Spain (US$299.3 million).

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