Haiti - Economy : Investment in Haiti, up close to 24% (2012-2013)

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Haiti - Economy : Investment in Haiti, up close to 24% (2012-2013)
04/09/2013 13:59:59

Tuesday, Me Georges Andy René the new Director General of the Investment Facilitation Center (CFI), in office since August 2013, revealed in a press conference at the Primature, that Haiti has recorded during the last four years $697 million of foreign direct investment in 6 priority sectors, including agriculture, energy, manufacturing, infrastructure and tourism.

The DG of the CFI pointed out that at less than a month of the end of the current fiscal year 2012-2013, Haiti had already recorded more than $225 million [24%] of investment, against 179 million in 2012 and 181 million in 2011 "This is a sign that the business climate improves in the country."

Me Georges Andy René ecalled the establishment of a set of incentive structures to promote and support the growth of investment in the country, among other benefits of the tax and customs duty, the imports of equipment and raw materials and up to 15 years of tax exemption.

In its latest weekly report, the CFI noted a new foreign direct investment : Tropicbuild Worldwide Holding S.A.pecializing in the production of building components. 3,5 M $US (Creation of 663 jobs)

National direct investment :
Boulangerie MAJ S.A. Production of bread from wheat flour. 1,5 M $US (Creation of 66 jobs) ; Caribbean Milling S.A. Production of semolina and wheat bran. 8,5 M $US (Creation of 51 jobs) ;
Karyna S.A. Production of traditional bread. 1,9 M $US (Creation of 60 jobs) ;
Quality Sewing Manufacturing S.A. Textile production 944,000 $US (Creation of 513 jobs).

Learn more about CFI :
The Investment Facilitation Center (CFI), established in 2005 is an autonomous state agency operating under the Ministry of Commerce whose mission is to promote private investment in Haiti and as ther responsibilities to propose to the government reforms to improve the business environment.

An encouraging sign in the increase of foreign direct investment in 2012 noted for the third consecutive year in the Caribbean region. A result that is still very far from our Dominican neighbors, major recipients of foreign direct investment, that recorded in 2012 a total investment of $2.3 billion, up 59%...

See also :
https://www.haitilibre.com/en/news-9296-haiti-economy-haiti-open-for-business-numerous-foreign-and-local-investments.html
https://www.haitilibre.com/en/news-9267-haiti-economy-lng-gas-terminal-official-launch-of-work.html

S/ HaitiLibre