Megabucks investment in the Dominican tourist sector

Santo Domingo.- Authorities in the Dominican Republic will set going a comprehensive investment program in different regions of the country with a view to stimulate tourism development, the DTC News wireless service reportedly announced.

Sources in the sector pointed out the Dominican government will chip in some $235 million for several projects clustered in four provinces and in the Caribbean nation’s capital.

The administration’s interest is focused on the northern localities of Montecristi, Puerto Plata and Samana, as well as in eastern region of Bavaro and in Santo Domingo.

The aforesaid projects will help boost hard-currency revenues and will equally foster the creation of new jobs.

Moreover, the government will invest roughly $8 million in a promotional campaign to advertise the country as a tourist destination in Europe and America.

Following the Sept. 11 terrorist attacks in the U.S., the leisure industry shrank dramatically and it’s still signaling a weak recovery.