Fitch: Investment Boosts Dominican Republic Construction Sector

BOGOTA, Colombia--(BUSINESS WIRE)-- Construction activity in the Dominican Republic remains above the rest of the economy, favored by private and public investment recovery, according to a new Fitch Ratings report. Foreign investment in hotel projects and development of residential projects has boosted construction activity over the past two years.

'Incentives granted by the Trust Law in 2011 have given an additional push to the development of low-cost residential projects,' said Jose Luis Rivas, Associate Director in Fitch's Latin America Group. 'A sustained increase in tourist inflows and occupancy levels close to 80% have driven the development of hotel projects.'

In Fitch's opinion, building materials companies have benefited from this cycle. Nonetheless, these companies face the challenge to improve their positioning to withstand competitive pressures from low cost imported products while maintaining conservative capital structures.

The full report, 'Dominican Republic Construction Maintains Momentum Private Investment Drives Growth', is available at www.fitchratings.com.

Additional information is available at 'www.fitchratings.com'.

Dominican Republic Construction Maintains Momentum (Private Investment Drives Growth)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=878482

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Fitch Ratings
Jose Luis Rivas
Associate Director
+ 57 1 484 6770 Ext. 1016
Fitch Ratings Colombia
Calle 69A N.9-85
Bogota, Colombia
or
Rafael Molina
Associate Director
+ 57 1 484 6770 Ext. 1010
or
Media Relations:
Elizabeth Fogerty, +1 212-908-0526
[email protected]

Source: Fitch Ratings

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