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New Gatorade plant in Dominican Republic to service Caribbean market

New Gatorade plant

President Leonel Fernandez recently attended the inauguration of the US$20 million Gatorade bottling factory. The plant, which has a capacity for filling 500,000 bottles a day will supply the DR, Puerto Rico and other Caribbean markets. It is a strategic alliance between PepsiCo and Distribuidora Corripio. Manuel Corripio, speaking at the event, said the investment follows the country's economic growth, which he attributed to the Fernandez administration that he said has driven the DR to be "one of the most peaceful nations in Latin America and the Caribbean."

Corripio stressed that the free trade agreements with the Caribbean open the doors for the products to be exported to the rest of the region.

 

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Foreign Investment in Dominican Republic very healthy

Dominican Republic Real Estate sold in US dollars

 

Investors from the United States and Spain lead in the DR, according to a report from the Center for Export and Investment (CEI-RD), as reported in El Caribe.

The report says the country has attracted US$9 billion in foreign investment over the past five years.

Registered investment is:

United States: US$5.06 billion
Spain US$3.05 billion
Canada US$2.82 billion
Mexico US$1.75 billion
UK US$978.6 million
France US$836.2 million
The Netherlands US$752.5 million
Panama US$362.3 million
US Virgin Islands US$283.5 million Venezuela US$255 million
Grand Cayman US$211
Italy US$173.6 million
Germany US$109.1 million

Foreign investment has been mainly concentrated in the tourism sector (18.6%), commerce/industry (17.1%), telecommunications (15%), real estate (14.7%), electricity (11.3%), finances (5%) and free zones (4.8%).

Eddy Martinez, director of the Center for Export & Investment, forecasts that foreign investment should total US$2.5 billion-US$2.7 billion this year.

 

If you are considering investing in Real Estate in the Dominican Republic, whether residential, commercial or land, please contact us and we will be happy to help.

 

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The Great Air Show of the Caribbean due to take off in the Dominican Republic

100 Years in the Air

To celebrate the 100 years of aviation in the Dominican Republic, the Great Air Show of the Caribbean will take place on 26th and 27th March.

It will be best viewed from the Santo Domingo Malecon, along the Maximo Gomez to Abraham Lincoln stretch. The event is sponsored by the Department of Airports and the Dominican Civil Aviation Institute (IDAC).

 

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Pinewood film studio coming to Juan Dolio in Dominican Republic


President Leonel Fernandez broke ground for the construction of the new state-of-the-art film and television facility in Juan Dolio recently. Leading British film studio Pinewood-Shepperton is the operational partner in an almost 142,000-square meter (35-acre) film and television studio in the DR going up to serve the growing Caribbean and Latin American entertainment market. Pinewood is responsible for movies like James Bond, Batman, Harry Potter and Slumdog Millionaire.

Construction is expected to take a year, with an opening date set for early 2012. It will be funded and managed by the Indomina Group, part of the Vicini group, the leading Dominican asset management company with investments in food and beverages, retail, energy, finance, tourism and real estate in the Caribbean and Central America.


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Spain honors Oscar de la Renta

Oscar de la Renta, Dominican Republic Fashion Designer
New award for acclaimed fashion designer

Dominican fashion designer Oscar de la Renta has been awarded the Great Cross of the Order of Civic Merit by the Spanish government. Spain's Council of Ministers approved a proposal by the Ministry of Foreign Relations that recommended the honor.

De la Renta was born to Spanish parents in the Dominican Republic. He is the President of the Queen Sofia Spanish Institute in New York.

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Dominican Republic to host Caribbean Series 2012

Baseball is big in the Dominican Republic

 

While the city where it will held is yet to be determined, it is certain the Dominican Republic will host the Caribbean Series next February 2012.

The 2011 Series ended in Mayaguez, Puerto Rico with the DR Toros del Este team coming in second to Mexico's Yaquis de Ciudad Obregon. This year the series was very contested, with Mexico winning 4-2. The Toros ended 3-3 after defeating Puerto Rican home team in the final game of the series. Puerto Rico also ended 3-3.

The Caribbean Series matches the best teams of four winter baseball leagues that play in the DR, Mexico Pacific, Puerto Rico and Venezuela. The series is sponsored by the Caribbean Baseball Confederation and Major League Baseball.

Four Toros players made the Caribbean Series all-star team -- third baseman Danny Richar, left fielder Ruddy Yan, center fielder Jose Constanza and pitcher Raul Valdes.

 


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Orange backs football in Dominican Republic

Dominican Football Federation

Dominican teams ready to play

Orange Telecom has signed an agreement with the Dominican Football Federation for financial support. Eduardo Valcarcel, spokesman for Orange, said that the alliance has the goal of projecting the Dominican Republic as the leading football (soccer) country in the Caribbean. The Orange funding will go towards training, technical support, equipping, and sponsorship of tournaments. The youth and child tournaments will be known as Orange Cup and will take place throughout 2011.

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Dominican Baseball Star sets up Little Fenway Youth Academy

Pedro Martinez Youth Academy

On Monday, 17 January legendary pitcher Pedro Martinez of the Red Sox and New York Yankees announced the launch of the Pedro Martinez Youth Academy and Baseball Park during a benefit gala at the Hotel Embajador in Santo Domingo. President Leonel Fernandez and First Lady Margarita Cedeno attended the event.

The project includes a charter school, health services, arts and music programs, plus recreational facilities including basketball and volleyball courts and a baseball park to be called "Little Fenway". Costing an estimated US$3 million, the Youth Academy will go up on land acquired in and around the former site of the very modest house in Manoguayabo, on the hills outside Santo Domingo where Pedro Martinez grew up.

The project also includes the construction of a technical community college, said to be the most advanced in the country. He said his dream was to develop players to the point where they can play exhibition games against US schools like Boston College or Boston University.

Martinez already works closely with his wife, journalist Carolina Cruz to educate over 500 children in San Miguel, in Manoguayabo.

Thirty-nine year old Pedro Martinez, who compiled a 219-100 record with a 2.93 ERA in 18 seasons, is the only Dominican to have won three Cy Young awards. In his MLB career he has played for the Los Angeles Dodgers, Montreal Expos, Boston Red Sox, New York Mets, Philadelphia Phillies and is considered a future Hall of Famer.

 

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It's the Time of the Whales again in Samana Peninsula

Wales in Samana, Dominican Republic

Whale Watching for Land Lovers

The whale-watching season is now under way with the inauguration of a new land-based observatory located at Punta Balandra on the Samana peninsula. The observatory, located some 250 meters along a trail that leads to the point, was recently opened by the Ministry of the Environment. It allows people to observe the humpback whales in Samana Bay from the shore, and serves as a dry land complement to the excursions taken by thousands of visitors each year to observe the huge marine mammals. This year, 30% of the resources received for the privilege of whale watching will be invested in community projects, according to Diario Libre. Every visitor to the observatory pays a fee of RD$100.

According to the mayor of Samana, Miguel Bezi, the construction of the land-based observatory will also create jobs with the installation of small stalls nearby and more work for guides as well as attracting a larger number of people to the area to watch the humpback whales. According to Peter Sanchez, the administrator of the Silver Banks and the Nativity Mammal Sanctuary, 27,000 people visit the area each year and a similar number is expected this year. The sanctuary covers 33,000 km2 of coastline and every year some 15,000 whales arrive and of these some 900 to 1,200 stay in the bay. The whale-watching season lasts from 15 January to 15 March, and this year 43 licenses have been granted to ships, according to the Deputy Environment Minister for Protected Areas, Bernabe Manon Rossi.

West Indies Real Estate has a small range of special properties in Samana, including this magnificent beachside lot at Rincon Bay, where you can watch the whales from your own terrace.  For further details please contact us.

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Harnessing wind power in Dominican Republic

Dominican Republic wind power and bio fuels

Ecological moves to provide more electricity and protect the environment

14 wind turbines manufactured by the Spanish company, Vestas, for the Quilvio Cabrera and Los Cocos wind generation farm located along the Pedernales coast in the southwest arrived recently at Pedernales port. They will be installed at the country's first wind power plant located in Juancho, Pedernales. The plant is expected to produce 33 megas of renewable energy. Another 5 are stored in Caucedo Port in Santo Domingo and will be transported to Pedernales for installation.

Tito Sanjurjo, general manager of Basic Energy, the operating company, said that the purchase of the wind turbines is proof of the company's long-term commitment to the country. It is a US$100 million investment.
Company executive Rolando Gonzalez Bunster said the goal is to produce 100 megas at the Juancho park.

Sanjurjo said that the reduction of 70,000 ton of carbon dioxide. The wind energy supplied to the national grid means 200,000 less in petroleum barrels will need to be imported.

The energy produced by the wind farm will be sold to the National Interconnected Energy System (SENI) at US$0.13 cents.

The president of the National Commission of Energy, Enrique Ramirez says by 2011, wind powered plants will be producing 103 megas of power. Basic Energy is also building parks of 30 megas in Bani and 50 megas in Montecristi.

The Juancho wind turbines are 120 meters high, which is 5 meters higher than Acropolis building in Santo Domingo, as reported in El Dia.

The windmills belong to Empresa Generadora de Electricidad de Haina (Egehaina) and Consorcio Energetico Punta Cana-Macao (CEPM), and are operated by sister company Basic Energy.              

West Indies Real Estate is very involved in procuring land for bio fuels and offers some vast parcels well-suited to this rapidly growing energy source.  Please contact us for more options.

 


 

 

 

 

 

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Dominican Republic doing business with India

Trade between India and Dominican Republic - CommercialThe Indian Chamber of Commerce of the Dominican Republic has announced the workshop "Opportunities for Business between the DR and India" for 19 January 2011. The workshop will be held from 8:30am at the Institute of Foreign Trade and Business Innovation of the Center for Export & Investment (CEI-RD) located at Av. 27 de Febrero corner Av. Luperon, off the Plaza de la Bandera. Inviting on behalf of the Chamber are Jay Najar, Eulogio Santaella and Fernando Gonzalez Nicolas.

The ambassador of India for the Dominican Republic, Deepak Bhojwani will speak on "Situation and Perspectives for Bilateral Relations between the DR and India."

Anyone interested in participating should contact Carmen Rosa at crosa@cccdr.com or call 809 338-0808.

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Promoting maritime tourism in the Dominican Republic

Dominican Republic Real Estate Tourism

Sailors welcome!

The Dominican Auxiliary Naval Corps, a civilian group of volunteers, announced that they would be submitting a legislative proposal to the Executive Branch for establishing the rules and regulations that will govern the entry of yachts and sailboats in Dominican waters. The idea is to promote the DR as a boating destination, and maritime and coastal tourism in the same way private pilots are promoting fly-ins.

The Dominican Naval Auxiliary Corps was created by Presidential Decree 887-09 to assist in search operations, rescue and environmental protection. It has its own resources and boats, barges and aircraft have been made available to the Navy, to assist non-military activities or public order and safety at coastal waters.

The national commodore of the Naval Auxiliary, Jose Antonio Najri and the vice-commodore, Freddy Reyes, told the reporters at the Hoy newspaper Economic Meeting that the plan is to lure the thousands of small boats that sail and dock in nearby islands to the DR.

Najri and Reyes spoke of the need for more private investment in marinas and for regulations that offer guarantees to boats that enter Dominican harbors. They forecast there would be some 10 to 15 marinas in operation in the country in the next 5 years and mentioned the increasing number of cruiseships docking here bringing thousands of tourists.

West Indies Real Estate has a marina amongst its listings, along with some super marina condos in Casa de Campo.

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Liza Minnelli coming to Santo Domingo

Dominican Republic General Interest - Liza Minnelli

Big Star Name coming to the Dominican Republic

Liza Minnelli is booked for a performance at the National Theater on 22 November. She has been invited by the Global Foundation for Democracy and Development (Funglode) and their annual Global Film Festival, as reported in Diario Libre. Her concert at the National Theater will be produced by Pedro Flores. Her version of "New York, New York" is an inspiration for many local singers.

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Nikki Beach opens its doors in Cabarete

Nikki Beach, Cabarete - Dominican Republic General Interest

Grand Opening Party Weekend of Nikki Beach in Cabarete,starting 2nd September

 

 

Nikki Beach opened its doors in Cabarete with a soft opening night and from just word of mouth over 400 people visited the new location. Among the first night's guests were Sir Richard Branson's family and friends celebrating his son, Sam Branson's, 25th birthday and Nikki Beach owners, Mike Penrod with his wife Jeniya Penrod, some of the best kite surfers in the world and local residents.

 

The Grand Opening Party is scheduled for the weekend starting September 2nd.

Nikki Beach in Cabarete is centrally located in the center of the strip of restaurants with seating on the beach under the palm trees open for lunch, dinner and late night seven days a week.

About Nikki Beach
Founded on Miami's South Beach in 1996 by Jack Penrod, Nikki Beach has established a lifestyle brand that combines art, music, fashion and film. Over the past decade, the Nikki Beach brand has expanded its flagship Café Nikki on South Beach to jet-set destinations such as St. Tropez, St. Barth, Marbella, Marrakech, New York City, Cabo San Lucas, Puerto Vallarta, Koh Samui (Thailand), Cabarete (Dominican Republic) and Sardinia.

West Indies Real Estate has a number of commercial properties for sale on Cabarete Beach, and also a range of condos and villas in the area.  Contact us for further details.

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New Administration in many towns in Dominican Republic

Ilana Neumann, new Mayor of Sosua

Sosua in new hands

Following the elections in May, the 190 deputies and 32 senators were sworn in yesterday for the period 16 August 2010 to 16 August 2016. This is an extraordinary six-year term because the Constitution was changed to unite the presidential and congressional election in the same year (2016).

Congress now has seats for 12 new legislators, elected through 2016, as reported in Listin Diario. This includes five new so-called national deputies, and another seven overseas deputies, new categories created in the 2010 Constitution. Previously there were 178 deputies.

As part of this process, at a local level, new leaders moved into position at Town Halls around the country.  Sosua has a new Mayor, Ilana Neumann, who announced a bold list of improvements she aims to carry out within her first 100 days in Office.  Along with improvements to local infrastructure and amenities, the new Mayor aims to promote tourism in Sosua where West Indies Real Estate have their offices.

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