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Haiti - Economy : $375M investment in 2017, an illusion record
16/07/2018 08:54:30

Haiti - Economy : $375M investment in 2017, an illusion record
The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) in its latest annual report on Foreign Direct Investment (FDI), indicates that FDI in Haiti for the year 2017 reached $375 million against 105 million in 2016 and 106 million in 2015.

This record for the last 10 years, however, must be weighted considering that in addition to an investment of just over 70 million for 2 job-generating projects in the textile industry outsourcing industry Everest Textile (Taiwan) and Yangzhou Everbright Foreign Trading (China), this significant rise in FDI in Haiti is mainly attributable to the acquisition by the French Rubis Group at the end of April of the acquisition of 100% of the shares of "National Distributors SA" (DINASA) and its subsidiary SODIGAZ, the leading distributors of petroleum products in Haiti, an investment having little or no effect on the creation of new jobs in Haiti.

The report indicates that the Dominican Republic comes in first place with 3.57 billion dollars in FDI, or 60% of the 5.83 billion FDI made in the Caribbean. Outside the trade and industry sector, the tourism sector receives more than $ 700 million on average each year and the real estate sector nearly $ 550 million. Investments, creators of many jobs.

The Bahamas ranks 2nd with 928 million (16% of FDI) and Jamaica 3rd with 649 million (11% of FDI).

See also :
https://www.haitilibre.com/en/news-20828-haiti-france-rubis-group-completes-the-acquisition-of-dinasa-and-sodigaz.html

TB/ HaitiLibre

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