In spite of the global economic crisis, 25 new free zone companies will start operations in the country with an investment of more than two billion pesos and generate more than 5,500 direct jobs.
National Free Zones Council director Luisa Fernandez made the announcement on Sunday, after concluding a meeting of the entity headed by Industry and Commerce minister Jose Ramon Fadul.
Fernandez said in Friday’s session, the operations of the 25 new companies were approved nationwide, with currency earnings of more than US$31.2 billion for the country.
The official said the new free zone companies will operate in the National District, Santo Domingo province, Santiago, San Cristóbal, Barahona, Boca Chica, Haina, Juan Lopez, Esperanza and Villa Altagracia, among other localities, which will provide a new boost for the sector. “The fact that these new investments come to our country and help create more than 5,000 new direct jobs reconfirms that the free zone sector can and must forge ahead, in spite of the global crisis.”
The free zones began operating in the country in 1969 with the company company Gulf and Western Americas Corporation, in La Roma (east).
Dominican Today
