Supported by sustained economic development, the construction sector of the Dominican Republic has provided a solid base for growth for the country’s cement industry. With an 8Mta production capacity, domestic cement companies have helped the country make the switch from being a net importer to a net exporter. Providing the setting to the XXXVI FICEM Technical Congress 2019, ADOCEM provides a timely update of its cement sector. By ADOCEM, Dominican Republic.
The Dominican Republic (DR) saw its GDP expand by seven per cent and inflation by 1.17 per cent in 2018. Following real GDP growth of 5.7 per cent in January-March 2019 (significantly above the regional average of less than two per cent) economic projections indicate robust growth this year. Forecasts by the DR government point to GDP growth of more than 5.5 per cent in 2019, driven mainly by investment and private consumption.
