Ambassador of Dominican Republic to Qatar, H E Ambassador Georges Bahsa Hazim (center), ProDominicana Executive Director for Export and Investment Center, Biviana Riveiro (left), and Executive Director for Direccion General De Alianzas Publico Privadas Sigmund Freund (right) during the launch of 'Investment Guide' book in Arabic, yesterday. Pic: Joelyn Baluyut/The Peninsula
The Dominican Republic launched yesterday its “Investment Guide” book in Arabic language aiming to attract more Qatari investors.
The event was spearheaded by the Ambassador of Dominican Republic to Qatar, H E Ambassador Georges Bahsa Hazim, ProDominicana Executive Director for Export and Investment Center, Biviana Riveiro, and Executive Director for Direccion General De Alianzas Publico Privadas (DGAPP) Sigmund Freund.
ProDominicana is the institution tasked with the promotion and facilitation of exports and foreign direct investment (FDI) in the country, while DGAPP is the institution responsible for the structuring, promotion, supervision and regulation of infrastructure projects, goods, and services of social interest, which are planned and developed in the Dominican Republic under the modality of public-private alliances (PPP).
In an interview to The Peninsula, Ambassador Hazim said: “The seminar is more about educating people on how they can invest in the Dominican Republic, what we have, what we can bring, that’s why we are presenting the business guide in Arabic.”
Moreover, he said that his country is presenting several infrastructure projects, energy, tourism, and how they can guarantee food security.
Meanwhile, Riveiro disclosed that the Investment Guide is a complete tool that provides information about Dominican Republic with the purpose of promoting investment in their country.
She assured that her country “can be a model of doing business in Dominican Republic by the launch of business guide in Arabic.”
“This government not only guarantees investors with transparent business environment but also assures them the equal treatment supported by our foreign investment law, we will also like to continue to strengthen our relations with the State of Qatar - you will not only see Dominican Republic as an investment destination but also an ally in the Latin American region,” she added.
The Dominican Republic is considered the first and main destination of FDI in 2020 in Central America and the Caribbean region. Riveiro pointed out that FDI companies based in her country “reinvest more than 50 per cent of their profits and that stands a very specific and clear signal their confidence in Dominican Republic.”
This Investment Guide in Arabic breaks down the main productive sector such as infrastructure, energy, tourism, agriculture, real estate, industry and trade and also a very important and growing sector – free trade zones.
Furthermore, Riveiro is convinced that the Dominican Republic is an attractive destination for foreign investment, offering multiple business and investment opportunities as a result of a wide variety of factors, such as: its excellent geographical location, solid legal framework, economic stability, and modern infrastructure.
“Trust in the Dominican Republic, a country full of opportunities, our commitment is to make sure that your initiatives make a reality and build a positive legacy that impact both countries,” she noted.
The Investment Guide is also available in English and Spanish. The event is part of the Dominican Week in Qatar which will conclude on Friday.
