Press Release

Empresa china busca invertir US$460 MM en la República Dominicana

Una empresa china busca desarrollar un proyectoturístico en el Este dominicano, en una operación que envolvería alrededor de US$460 millones, según la representante comercial de República Dominicana en la República Popular China, Rosa NG. La diplomática dijo a LISTÍN DIARIO que la operación se realiza a través de una empresa española en la localidad de Punta Perla, en el extremo oriental de la isla, un proyecto que se suma a otro del sector minero y en el que China invirtió US$190 millones el año pasado.

La mina está ubicada en Cerro Maimón, al norte del país, y fue adquirida por una compañía china a una empresa australiana.

"El intercambio chino con República Dominicana es el segundo en el Caribe, después de Cuba, y cada vez es mayor" ( Rosa NG, representante diplomática dominicana en China Popular.

NG explicó que la operación ayudó a equilibrar la balanza comercial chinodominicana el año pasado, oficialmente de entre US$700 millones y US$800 millones.

No obstante, la representante consideró que el intercambio entre China y República Dominicana, el segundo mayor en el Caribe después de Cuba, podría haber superado los US$1,200 millones debido a que los empresarios dominicanos también compran productos chinos a través de Estados Unidos y Panamá.


"Estamos avanzando en las relaciones", dijo NG, y puso como ejemplo el hecho de que ciudadanos chinos con pasaportes visados por EEUU, Canadá, el Reino Unido y la Unión Europea ya pueden entrar a Santo Domingo sin necesidad de visa dominicana."El intercambio chino con República Dominicana es el segundo en el Caribe después de Cuba. Y cada vez es mayor en la medida en que hemos ido madurando", agregó la representante en su residencia en Beijing, donde también funciona la sede diplomática, abierta a mediados de mayo pasado con la llegada a esta ciudad de la representante oficial del Estado dominicano.


En 1997, la República Popular China suscribió un acuerdo para formalizar el establecimiento de representaciones comerciales con el país, aun cuando esta última mantiene vínculos diplomáticos con Taiwán, que Beijing "reclama como una provincia".

China Popular (la parte continental) y la República de China (Taiwán) están separadas por diferencias ideológicas desde hace más de cinco décadas. República Dominicana, entre sólo otros doce países de América Latina, tiene relaciones diplomáticas con Taiwán desde 1957.

NG dijo que las dos Chinas llegaron a un acuerdo de apertura del cual se beneficia República Dominicana, país al que, según la representante, le corresponde no inmiscuirse y ser "respetuoso frente a ese entendimiento".

La diplomática agregó que el presidente Leonel Fernández le encomendó fortalecer los lazos con la República Popular China a través del cumplimiento del acuerdo suscrito en 1997, y de hacerle ver a Beijing que tiene un aliado en el país no obstante este país mantenga relaciones oficiales con Taiwán.

"El presidente Fernández sabe acerca de la importancia de China y del reconocimiento de sus autoridades", afirmó la diplomática. Los intereses de China continental, de donde según NG salen más de 50 millones de turistas cada año, no están concentrados sólo en la minería y el turismo dominicanos.

La gigante de las telecomunicaciones Huawei Technologies Co. es el principal proveedor de equipos de telefonía en Santo Domingo y existen inversiones de otras tres empresas chinas compitiendo en ese sector.

 

Beach Front Construction 2011

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DR dominates in capturing foreign investments in the Caribbean

According to Cepal report, DR was main destination of capital investment in 2009-2010.

SAN JUAN, Puerto Rico.- In spite of the deficient energy system and other problems related to competitiveness, the Dominican Republic found its way to become the largest receiver of foreign investment in the Caribbean region during 2009 and the first quarter of 2010. It also figures among the countries with the greatest individual increase in the region and in Central America, according to data published by the Economic Commission for Latin America and the Caribbean (CEPAL).

The agency's study-titled "Foreign Investment in the Caribbean area 2009-2010"-says that the total flow of investment captured in the Caribbean region during this period reached US$5.783 billion, of which US$2.158 billion, or 37%, were concentrated in the Dominican Republic. In this order, second place went to Jamaica and third was the Bahamas.

Eddy Martinez, the director of the Center for Exports and Investment in the Dominican Republic (CEI-RD), in an interview for Diario Libre, said that the increase in investment that is shown for the country is a concrete result of the success that the offense by President Leonel Fernandez in seeking capital overseas.

"The accumulated foreign investment over the past five years is now at the record number of US$11 billion dollars, with a positive projection for 2011, and for this reason the attraction of new capital will continue to be one of the fundamental axis or our economy".

He said that the President has become the principal promoter of the country, thanks to the leadership that he enjoys on the international scene and to the success of the economic and financial policies which have kept the Dominican economy as one of the most stable and of the largest growth in the region.

He explained that in his many trips overseas and in meetings with investors, President Leonel Fernandez promotes the Dominican Republic as the "best place to invest in Latin America and the Caribbean", personally carrying the message of the advantages of the Dominican offer for developing businesses.

Strategic contribution

The strategy that the country is carrying out in order to promote investments, contributed to the entry of Chinese capital, through a financing that amounted to US$462 million in the Punta Perla tourist project in Punta Cana, and in the famous multinational corporation IKEA-with yearly sales of €20 billion in 24 countries around the world-selecting the Dominican Republic last year to locate its first store in Latin America.

Likewise, in the manufacturing area, operations were strengthened by businesses such as Corning Cable Systems, Eaton, Sara Lee and Lilly Pharmaceuticals.

Among the new investments captured by Quisqueya, the Gems Cap Cana by the United States company AM Resorts stands out with an initial investment of US$400 million for the construction of four luxury hotels in the East of the country.

The telecommunications sector has also grown, beginning with the installation of 60 new call centers and the entry of capital from France and Mexico, represented by France Telecom and Claro.

At the present time the United States investments in Quisqueya are around US$4.974 billion, followed by Spain (US$2.932 billion), Canada (US$2.699 billion), and Mexico (US$1.396 billion). The capital is concentrated in the tourism, manufacturing, telecommunications and energy sectors, according to the statistics of the Dominican Central Bank.

Very tempting offers

The Dominican government promotes investment packages internationally, which benefit companies that install operations in free zones with tax exemptions of up to 100% on earnings, customs duties, municipal taxes and import and export taxes for a period of 15 years. Also tax exempt -for ten years-are the projects for tourist developments in new tourist poles and there is a zero tax rate for farming projects. These incentives have significantly reduced the cost of doing business in the Dominican Republic.

The Dominican consul in Puerto Rico, Maximo Taveras, told Diario Libre that more and more Puerto Rican businessmen are approaching the business division of the consulate looking for information on the regulatory and fiscal incentives framework that the country offers investors.

"Manufacturers of doors, blinds, industrial awnings, food packers and businessmen from the construction sector have come in, interested in moving their businesses to Dominican territory in order to take advantage of a more economical labor pool and the tax advantages that they will have over there", he said.

He underscored the fact that the Dominican offers to businesses with foreign investment capital are very tempting: "There are nearly unbeatable tax incentives, low interest rates, and few export requirements. All of which can be added to the very attractive advantages of being able to repatriate earnings without paying taxes and which allow products that they processed with 45% of local labor to enter the United States duty free". 

Puerto Rican investments

He said that over the last two years the Dominican Republic has received important investments of Puerto Rican capital, concentrated mostly in tourist projects in Bavaro and La Romana and that several businessmen have shown interest in taking part in new projects that are being developed in Samana.

The strategy the Quisqueya is developing in order to attract investors is simple, according to what Eddy Martinez, the CEI-RD director said: "We offer investors competitive tariffs, broad opportunities for businesses through five free trade agreements , a highly productive force and a dynamic and growing economy."

At the present time, the Investment Cabinet-created by President Leonel Fernandez to take care of the issues inherent to foreign investment-is analyzing several proposals from companies from India and the United States that are interested in investing in energy, tourism and software development projects in the Dominican Republic. 

Among the proposed companies, with United States capital, are Greenhouse, Galt-Chairman, and CNN National Security, mostly from San Diego, California.

RD DOMINIA LA CAPTACION DE INVERSION EXTRANJERA EN LA REGION DEL CARIBE

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SAN JUAN, PUERTO RICO. Pese al déficit del sistema energético y a otros problemas en materia de competitividad, República Dominicana se ubicó como el mayor receptor de inversión extranjera en el área del Caribe durante el año 2009 y primer cuatrimestre de 2010, y figura entre los países de mayor captación individual en la región de Centroamérica, según datos publicados por la Comisión Económica para América Latina y el Caribe (Cepal). 

El estudio del organismo -titulado "Inversión Extranjera en el área del Caribe 2009-2010"- establece que los flujos totales de inversión captados en la región caribeña durante ese período ascendieron a US$5,783 millones, de los cuales US$2,158 millones, o sea el 37%, se concentraron en la República Dominicana. En ese orden, el segundo mayor receptor fue Jamaica y el tercero Bahamas. 

Eddy Martínez, director del Centro para la Exportación e Inversión de la República Dominicana (CEI-RD), en entrevista con Diario Libre, afirmó que la escalada de inversiones que registra el país es un resultado concreto del éxito que ha tenido la ofensiva del presidente Leonel Fernández en la búsqueda de capitales en el Exterior.

"La inversión extranjera acumulada en los últimos cinco años ya se ubica en la cifra récord de 11,000 millones de dólares, con una proyección positiva de crecimiento para el 2011, razón por la cual la atracción de nuevos capitales seguirá siendo uno de los ejes fundamentales de nuestra economía".

Dijo que el mandatario se ha convertido en el principal promotor del país, gracias al liderazgo del que goza en el escenario internacional y al éxito de las políticas económicas y financieras, que mantienen a la economía dominicana como una de las más estables y de las de mayor crecimiento en la región. 

Explicó que en sus múltiples viajes al exterior y reuniones con inversionistas, el presidente Leonel Fernández promueve a República Dominicana como el "mejor destino de inversión de Latinoamérica y el Caribe", llevando personalmente el mensaje de las ventajas de la oferta dominicana para el desarrollo de negocios. 

Estrategia contribuyó

La estrategia que desarrolla el país para promoción de las inversiones, contribuyó a la entrada de capital chino. a través de un financiamiento ascendente a US$462 millones en el proyecto turístico Punta Perla, en Punta Cana, y a que la famosa corporación multinacional sueca IKEA -con ventas anuales de más de 20 billones de euros en 24 países del mundo- eligiera el año pasado a la República Dominicana para ubicar su primera tienda de Latinoamérica. 

Asimismo, en el área de manufactura se fortalecieron las operaciones de las empresas Corning Cable Systems, Eaton, Sara Lee y la farmacéutica Lilly. 

Entre las nuevas inversiones captadas por Quisqueya destaca el proyecto Gems Cap Cana, de la empresa de capital estadounidense AM Resorts, con una ejecución inicial de US$400 millones para la construcción de cuatro hoteles de lujo en la zona Este del país. 

También ha crecido el sector de las telecomunicaciones, a partir de la instalación de 60 nuevos "call centers" y la entrada de capital de firmas francesas y mexicanas, como es el caso de France Telecom y Claro. 

Actualmente, las inversiones de Estados Unidos en Quisqueya rondan los US$4,974. 7 millones, le sigue España (US$2,932.8 millones), Canadá (US$2,699.9 millones) y México (US$1,396.8 millones), capitales concentrados en los sectores turismo, manufactura, telecomunicaciones y energía, según estadísticas del Banco Central dominicano. 

Ofertas muy tentadoras 

El Gobierno dominicano promociona internacionalmente paquetes de incentivos que benefician a las empresas que se instalen en zonas francas con exenciones de hasta un 100% en impuestos sobre las utilidades, tarifas aduanales, cargas municipales y en impuestos de importación y exportación, por un periodo de 15 años. También exonera de pago de impuestos -por diez años- a los proyectos de desarrollo de nuevos polos turísticos y asigna tasa cero a los proyectos agrícolas. Estos incentivos han disminuido substancialmente el costo de hacer negocios en RD.

El cónsul dominicano en Puerto Rico, Máximo Taveras, manifestó a Diario Libre que cada vez son más los empresarios boricuas que se acercan a la división de negocios de ese consulado buscando información sobre el marco regulatorio y los incentivos fiscales que ofrece el país a los inversionistas. 

"Han venido fabricantes de puertas, persianas, toldos industriales, empacadoras de alimentos y empresarios del sector de la construcción, interesados en trasladar sus negocios a territorio dominicano para beneficiarse de una mano de obra más económica y de las ventajas fiscales que tendrían allá", afirmó.

Subrayó que las ofertas de Quisqueya a las empresas de inversión extranjera son muy tentadoras: "Aplican incentivos fiscales prácticamente insuperables, bajas tasas de interés, y escasas trabas a las exportaciones, a lo que se suman a ventajas tan atractivas como las de poder expatriar sus ganancias sin pago de impuestos y que los productos que procesen con un 45% de mano de obra local entren a los Estados Unidos libres de aranceles". 

Inversiones boricuas

Sostuvo que en los últimos dos años República Dominicana ha recibido importantes inversiones de capital boricua, concentradas en su mayoría en proyectos turísticos inmobiliarios en Bávaro y La Romana y que varios empresarios han mostrado interés en participar en nuevos proyectos que se desarrollan en Samaná. 

La estrategia que desarrolla Quisqueya para atraer inversiones es sencilla, según sostuvo Eddy Martínez, director del CEI-RD: "Nosotros ofrecemos a los inversionistas tasas arancelarias competitivas, amplias oportunidades de negocios a través de cinco tratados de libre comercio, mano de obra altamente productiva y una economía dinámica y en crecimiento".

En estos momentos, el Gabinete de Inversión -creado por el presidente Leonel Fernández para atender los temas inherentes a la inversión extranjera- se encuentra analizando varias propuestas de empresarios de la India y los Estados Unidos interesados en invertir en proyectos de energía, turismo y desarrollo de software en República Dominicana. 

Entre las empresas postulantes, de capital estadounidense, se encuentran Greenhouse, Galt-Chairman y la CNN National Security, en su mayoría empresarios de la ciudad de San Diego, California, Estados Unidos.

 

CHINA WANTS TO FORTIFY COMMERCIAL TIES WITH THE DOMINICAN REPUBLIC  

SHANGHAI. China is willing to fortify comercial, cultural and technological ties with the Dominican Republic, expressed Wang Jhinzhen the Vicepresident of the chinese promotional comercial (Access Eng 060).

TOURISM MINISTER ANNOUNCES US$462 MILLION CHINESE INVESTMENT IN PUNTA PERLA

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Two Chinese banks are financing US$462 million to complete the first phase of the Punta Perla tourism real estate complex, situated in Punta Cana, one of the Caribbean's finest resorts. The project is headed by Spanish investors. The joint agreement was structured by the Thon Yung investment fund, with the participation of the engineering and construction companies IPPR and Jiang Xi Zhong. This is the first investment of Chinese capital in the Dominican Republic. The Minister of Tourism, Francisco Javier García, explained that the first investment agreement is doubly important because it guarantees the completion this impressive tourism resort and opens the doors of Chinese investment for future projects in the Dominican Republic. The Minister of Tourism also said that from this point on large Chinese corporations and companies working with the Chinese tourism sector will become interested in the country's potential to expand their businesses. Minister Garcia recently headed an official delegation to the Shang-China To Invest US$462 Million in Tourism Project in the DR hai Tourism Fair. The Thon Yung Group has investments in various sectors, such as oil, gas, chemical products, agribusiness and real estate. On the other hand, the IPPR Company is China's leading engineering and construction company. It was founded in 1953 and currently operates in 40 countries. Company revenues exceed US$100 billion. The Jiang Xi Zhong also has an important international presence in the engineering and construction sectors. The Punta Perla development will consist of a 10 million square meter area, situated on prime waterfront property. The final construction phase of the residential units is expected to be completed during the first quarter of 2012. (Access Eng 062).

 

CHINA'S CARIBBEAN MARCH

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Taiwan is putting brave face on the news that China is to finance a large tourism development project in the Dominican Republic.

The Dominican government has announced that Chinese banks will provide $462 million in financing for a complex in the eastern resort of Punta Cana. It's the the first major Chinese investment in the Dominican Republic which has diplomatic ties with Taiwan not Beijing. The Taiwanese foreign ministry has however insisted that Taipei-Santo Domingo relations remain firm despite the announcement. Minstry spokesman James Chang told the Central News Agency in Taipei that Taiwan "does not oppose trade relations between the private sectors of our allies and those in China". In fact, China operates a trade office in Santo Domingo and their bilateral trade has grown to $600 million a year, according to official Dominican Republic estimates. But despite appearing to take the Dominican announcement in their stride, the Taiwanese appear nervous about the possibility that Dominican President Leonel Fernandez may switch diplomatic ties to Beijing.

 

 

Raised concerns

The Dominican tourism minister, Francisco Javier Garcia, is reported to have said during a visit to Shanghai this month that his country was hoping for "complete" relations with China "sooner than later." But Taiwanese foreign ministry spokesman James Chang downplayed that comment by saying that Dominican foreign relations were directed by the president. However, Mr Chang acknowledged that the Taiwanese embassy in Santo Domingo immediately raised concerns with the Dominican government regarding Mr Garcia's comments. The Dominican Republic is among a dwindling group of nations which maintain formal diplomatic relations with Taiwan, rather than China. Their diplomatic battle has been fierce in the Caribbean, where Taiwan can also count St Vincent and the Grenadines, St Lucia, St Kitts and Nevis, Haiti and Belize among its friends.

 

punta perlaCaribbean investment

On the actual tourism project itself, the Bank of China and China's Foreign Trade Bank will extend loans for the Punta Perla tourism complex in Punta Cana, which is being developed by Spanish investors. And he indicated that there could be more coming from China. "This important investment creates a precedent which opens the doors for Chinese financing of Dominican Republic development projects," Mr Garcia said in a statement. China has recently been expending its investment in the Caribbean - with backing for multi-million dollar projects in Jamaica and the Bahamas. "In the past 20 years, China's trade with Caribbean nations has increased 100-fold," analyst Rens Lee wrote on the Washington Post website in September. "Its imperium there is buttressed by a multiplicity of mutual official visits, economic and cultural exchanges, high-profile construction projects and military cooperation agreements. "China's motives include building diplomatic support in UN bodies, isolating Taiwan, gaining access to energy and raw materials, and projecting soft power into a region traditionally dominated by the United States," said Mr Lee, a senior fellow at the Foreign Policy Research Institute. Taiwan would be hard-pressed to match that.

 

PUNTA PERLA STARTS FIRST PHASE IN PUNTA CANA


SANTO DOMINGO .- The Bank of China and the Bank for Foreign Trade of China financed $ 462 million for the completion of the first phase of tourism real estate complex in Punta Cana Punta Perla, led by Spanish investors. This agreement was structured by Yung Thon investment fund, with the participation of engineering and construction companies and Jiang Xi Zhong IPPR.

 

STAND OUT CHINESE INVESTMENT, CAMPAIGN CCN BARAHONA AND GOOD MANAGING OF THE CHOLERA

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Also reduction of Mintur's budget, the world congress of cruises and the expansion of the culture of the tourist clusters. Russia and Brazil the new issuers.

The Dominican Association of Tourist Press announced his annual selection of 10 more important tourist news of the year, emphasizing like the most transcendent the investment of 462 million dollars in Top Pearl on the part of the Popular Republic China.

The second selected news was the celebration in Santo Domingo of the annual conference of cruises of the Carib. The city of Santo Domingo was the headquarters in October of the seventh tenth Conference and Annual Exhibition of Cruises, organized by Association of Cruises of Florida and the Carib (FCCA) and supported by the Department of Tourism.

Russia and Brazil

The third one is the growth of the tourists' arrivals of the emergent markets: Russia and Brazil. It indicates that in 2010, the arrival of foreign visitors by air brought a notable growth superior to 4% after two consecutive problematic years for the sector. The arrivals of Russians during the year 69% with 71,120 visitors, in total 29,000 more that in 2009. The year closed with 11 weekly flights from Moscow and San Petesburgo towards the International Airport Grey-haired Top. Brazil, in December it grew 396% and during the year 2010 30 %.

For Santiago

The fourth news was the celebration of the Summit II Tourist Journalism in Santiago organized by ADOMPRETUR. There interfered the Department of Tourism, the Provincial Government, the Mayoralty, the Strategic Plan of Santiago, the Center León and diverse universities, besides journalist presentations. The event

The Cholera

The document emphasizes the good managing that there have given the authorities of the Department of Health to the topic of the cholera that one declared in Haiti in October, on having had a politics that linked the transparency in the information and a strategy of controls and reports that facilitated the control reduced the impact in the tourist industry, to weighing initial international information that tried to project the idea of which the cholera serious a threat for the industry. It indicates that an inappropriate managing should be catastrophic for the tourism.

Budget Mintur

The sixth news is located in the budgetary treatment to the tourism, principal engine of the economy was put in the first plane by the MITUR, ASONAHORES and other voices importantly of the sector. The funds received in the years 2002-2009 do not come to 1 % of the resources spent by the Government. For 2011 one reduced in RD$15 million the budget of 2010 that was of RD$961 million, from which one never departs importantly manages to submit.

Culture Cluster

The sixth transcendent information is the expansion of the culture of the cluster in the tourist tourist sector.

It holds that 2010 was a year of advances for the culture of the clúster as model of organization in the sector tourism and as important tool for the integration of the communities and the small managerial tourist particular and community initiatives to the benefits of the tourist development.

Port Silver

The eighth news is the official reaction to the problem and creation of a committee for the recovery of the tourism in Port Silver, which a reeflexión generated that public - private road gave place, after the First Journalistic Summit for PP, to the creation of an interinstitutional commission for the recovery of the Coast North with the Secretary of Tourism to the head.

New Brands

Investments in renovation of properties marked the pace of the hotelería and the sector in 2010. Iberostar threw his real-estate tourist project Iberostate, Puntacana opened his new golf course with his real-estate tourist offer, Hotels Barceló it re-threw his Bavarian's hotel complex it taking to the level five stars, the country established the brand Hard Rock Hotels in Grey-haired Top, T-shirt Beach. International Prohotel announced his establishment in the country, Coral threw his new brand Xeliter dedicated to the administration and comecialización of tourist condominiums of luxury.Also the Iberostar Grand was recognized Grey-haired Top between the most romantic hotels of the Carib, Country house returned to gain in London the prize as better resort of golf and Puntacana Resort and Club obtained the prize of better resort of golf of Mexico and the Carib who grants the world association that groups his active tour.

The tenth news is the transformation ASONAHORES in a federation of associations of the sector tourism. There was created Dominican Association of Restaurants (ADERES) and the Association of Hotels and Samaná's Tourist Companies (AHETSA), the two integrated to ASONAHORES.

Flints and Barahona

The strategy of the National Mall (CCN) Barahona and Flints, Pride of My Earth, thrown at the beginning of the month of was selected as one of the principal news as for tourist communication.

Adompretur's consideration highlights that it was a question of an extended continuation of the first one of 2009, for Samaná, but with major corporate effort and better products of communication

There details the verdict of the journalists specialized in Tourism, that the strategy demonstrated a corporate integration of major consideration, a social responsibility focused in the promotion of two tourist zones not favored still by the summit of the industry, in spite of the innumerable attractions that they exhibit.

It emphasizes that the strategy touched the public by means of exterior profuse and successful well advertising, the edition of educational materials and cases printed in recyclable materials, announcements of television, advertising it targets and you guide educational for educational personnel of the zone. " This campaign gifts that can use as model to other companies " he says the verdict.