The DP World Caucedo port will develop free zone manufacturing parks with a capacity of three million square meters (741.3 acres) of land and will generate close to 4,00 direct jobs in two years.
The announcement was made by the company’s executive director, Ahmed Bind Sulayem, at the opening ceremony of the port expansion that now increases the operational capacity of cargo containers from 1.2 million to 2.5 million.
The port’s executives informed that creating the park of free zones would serve to attract around ten foreign companies to the Dominican Republic and execute their operations from this country.
“Our next goal is the creation of a free zone manufacturing park in the Caucedo Peninsula. When completed, the project will be able to attract many companies, thus generating thousands of jobs, strengthening the country’s economy, and raising the quality of life of the communities,” said Bind Sulayem.