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NewsWhore
08-09-2011, 04:10 PM
Venezuelan investment in the Dominican Republic is on average around US$200 to US$300 million a year, said Marco de la Rosa, president of the Association of Foreign Investment Companies (ASIEX), as reported in the Listin Diario. This is 10 to 15% of total foreign invesment in the country, estimated at US$2 billion a year, says De la Rosa.

He says Venezuelans are investing in finances, real estate, shopping centers (Blue Mall, Novo Centro, Sambil), and tourism investments such as those carried out by Grupo Cisneros in Miches (Tropicalia), and Grupo Cohen.

He said that the Venezuelans are choosing the country seeking judicial and political stability and economic growth. He mentioned the Venezuelans feel at home in the DR because of the similarities between both countries.

The Dominican-Venezuelan Chamber of Commerce (Cavedom) has organized an encounter of Venezuelan and Dominican businessmen for 31 October to 4 November with events organized in Santo Domingo and Santiago. A Venezuelan business mission will come to look into opportunities in free zones, construction, farming, cattle ranching and agribusiness, explained Rafael Zapata, president of Cavedom.

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