AFP Popular promotes hotel development in the DR with US$237 million investment

Eduardo Grullón, president of the Popular Pension Fund Administrator (AFP Popular), said that in continuity with its investment strategy, the entity has prioritized the tourism sector, proving to be an important driver of the nation’s development.

He pointed out that the entity contributes to the dynamization of the economy and the contributions to the stability of the communities with the creation of new businesses and jobs for the sustainable development of the country, leading investments in hotels in operation and the development of new hotel complexes, with an investment of around US$237 million over the last five years.

His words were spoken when he received recognition from the Ministry of Tourism and the National Association of Hotels and Tourism of the Dominican Republic (Asonahores), in the category “Private Institutional Investor”, in recognition of his contributions to the development of the hotel sector in the Dominican Republic.

The award was presented by the Minister of Tourism, David Collado, and the president of Asonahores, David Llibre, during the celebration of World Tourism Day.

During the ceremony, the investment made by AFP Popular and its support for the expansion of the country’s lodging capacity, its commitment to a sustainable tourism model and the generation of thousands of jobs in the tourism sector were highlighted.