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Sosúa, Dominican Republic

(809) 571 2820

The Tourists Keep Coming

Dominican Republic leads the way

The Dominican Republic has Latin America's highest tourism receipts per GDP. According to the Latin Business Chronicle (LBC), 11.1% of the country's GDP comes from tourism. Costa Rica with 7.5% and Panama with 6.0% are two other countries with high tourism revenues. The report by LBC reveals that Panama has experienced the largest increase in tourist visitors while Uruguay had the largest increase in revenues derived from tourism. The LBC report indicates that Latin America received a record total of 68.6 million international arrivals last year, an increase of 2.9% since 2006. 

West Indies Real Estate makes a considerable proportion of its sales to buyers who are either buying second homes purely for their own use or to those who want a combined holiday home and rental property, some with a view to future retirement in the Dominican Republic. 

 

 

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Moves to Increase Foreign Trade

Foreign Trade Center opens in Santo Domingo

President Leonel Fernandez has opened the new Institute of Foreign Trade and Business Innovation of the Dominican Republic (I-CEi), a training center for the development of foreign trade and investment. The facility was built at a cost of RD$180 million donated by the Japanese Agency for International Cooperation (JICA). Two Japanese firms, Yamashita Sekkei Inc. and Fujita Corporation, were responsible for the construction. The Japanese ambassador to the Dominican Republic, Shinomiya Nobutaka, emphasized the ties between the two nations and cooperation among governments over the years.

The Institute will contribute to the goal of doubling exports in the next four years. Exports are now at US$6.5 billion. The I-CEi will train executives from large Dominican corporations with exports of US$300 million or more to convert these to global companies and at the same time prepare executives of small and medium-sized businesses so their companies can export.

To view West Indies Real Estate Commercial Listings click here.

 

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West Indies Charities

Sosua Kids Express Their Appreciation to West Indies

We want to take the opportunity to express our heart-felt gratitude to West Indies for their generous donation to the Sosúa Kids fund. It arrived at the most opportune moment as we are preparing to begin passing the vouchers next week to our school children so as they can buy their supplies and uniforms. Last year we were able to assist 283 needy public school kids , this year we are over 320 kids and counting..... 
 
Sosúa Kids association continues to pay the teachers' monthly salaries for a school of about 200 students (across from the Air Force base) that was founded by a religious group (there is no public school in that area) as well as donate towards scholarships for a preschool in Los Castillos. It was over a year ago we began helping a struggling university student from this area studying in Santo Domingo with his living expenses, now there are 3 more university students we help financially on a monthly basis.
 
With the help of generous donors such as West Indies we have been able to expand our program each year to enable more students to seek an education.  School attendance is required by law, but a uniform is required, not all children are in school for this reason. We hope to be able to continue our growth to give education assistance to as many kids as possible. 
 
The Sosúa Kids Association
 
If you would like to learn more about Sosua Kids click here.
 

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West Indies Real Estate    Calle David Stern 6, El Batey, Sosua, Dominican Republic
 
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