President Luis Abinader met this Thursday virtually with the Dominican ambassador to the United States, Sonia Guzmán, who led a trade mission of companies with US capital that are planning to make investments in the Dominican Republic.
The companies SkyPower Global, Temple Allen Industries and Ridge Partners Línea Noroeste, present at the meeting had the opportunity to explain to President Abinader their projects and the benefits in terms of jobs and generation of opportunities that they could bring to the Dominican Republic.
Ambassador Guzmán presented the companies and highlighted their mission to communicate among investors from the United States the actions of the Dominican Government to strengthen democratic stability and transparency, legal certainty, the independence of the public ministry and the opening of business opportunities and advantages. competitive offered by the country.
The Vice Minister for Economic Affairs and Cooperation of the Ministry of Foreign Affairs, Hugo Rivera Fernández, and the commercial team of the Dominican Embassy in Washington, DC also participated in the meeting.
Sonia Guzmán explained that in this way the United States and the Dominican Republic continue to strengthen their commercial ties through investments, in this case exploring growth areas in the aeronautical and energy production sectors, which could culminate in transactions of up to billion dollars.
President Abinader reiterated the importance of job creation in the country and highlighted the policies implemented to improve investment conditions, including the creation of the Investment Promotion Cabinet headed by Vice President Raquel Peña.
SkyPower Global, with a recognized international presence, presented a local manufacturing project for solar panels and generation of up to 500 megawatts of energy, identifying Pedernales as the ideal geographical area for said investment.
Temple Allen Industries expressed interest in regionalizing part of its operations from the Dominican Republic, taking advantage of the country’s conditions for nearshoring. The company manufactures aerospace ergonomic equipment for large aeronautical multinationals, such as Boeing, Airbus, Gulfstream, Lockheed, Embraer, as well as NASA, the US Air Force and the US Navy.
For its part, Ridge Partners Línea Noroeste, which recently signed a concession contract with the Dominican State for the production of diesel fuel from the use of waste and solid residues, presented its expansion plans to other regions of the country. This company will soon begin the construction of a recycling plant in the Valverde province, which will produce around two million gallons of synthetic fuel per month for export.