The Dominican Republic attracted a record US$3.28 billion in foreign direct investment (FDI) during the first half of 2026, a 7.7% increase compared to the same period in 2025, according to official data from the Central Bank of the Dominican Republic. The growth was driven by investments in tourism, renewable energy, and free trade zones.
Separately, Cuba approved 176 economic reforms in July 2026 that open its oil and gas sector to private and foreign capital for the first time in decades. The reforms, published in the Official Gazette, allow foreign companies to form joint ventures with state-owned Cuba PetrΓ³leo (CUPET) for exploration and production. The move aims to boost domestic energy output amid ongoing fuel shortages and economic crisis.
Analysts note that while the Dominican Republic continues to benefit from political stability and pro-business policies, Cuba's reforms face significant hurdles, including the US embargo and lack of infrastructure. The two Caribbean nations present contrasting investment climates, with the Dominican Republic seeing record inflows while Cuba seeks to attract foreign partners.
