Investment up; real estate down

[NewsWhore]

Foreign direct investment more than doubled in 2008, but real estate investment declined, according to statistics from the Center for Exports and Investment (CEI-RD). Investment in 2008 totaled US$2.35 billion, for a 55.1% growth from 2007. Real estate investment was down to US$576.4 million, compared to US$1.33 billion in 2007. Eddy Martinez, director of CEI-RD says that total foreign direct investment equaled US$836.5 billion. Martinez said this increased investment is a result of the international ties established by President Leonel Fernandez.

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