Page 77 - SAMENA Trends - May-June 2024

ARTICLE SAMENA TRENDS

ARTICLE

Managing Dominican Republic's Digital Frontiers Amidst

Regional and Global Development Challenges

The Dominican Republic, celebrated for its cultural vibrancy
and picturesque landscapes, is now distinguishing itself for the
transformation of its Information and Communication Technology
(ICT) sector, accelerating digitalization, and empowering digital-led
innovation across its economic sectors.

As one of the world’s fastest-growing economies, amid this
transformative era, a notable shift toward cloud computing and
advanced business applications marks a departure from traditional
connectivity services, highlighting a trend where businesses are
increasingly leaning towards more specialized technological
solutions. Having grown at a steady annual growth rate of about
five percent over the past several decades, the Dominican Republic
has positioned itself as Latin America’s seventh-largest economy,
with the nation aspiring to become an advanced economy over the
next three decades.

The Dominican government, primarily
through its telecommunications regulator
Indotel, has been instrumental in driving

digital inclusivity and enhancing connec-
tivity across the nation with a special focus
on governance and regulatory frameworks,
broadband infrastructure and access,
education and digital capacity-building,
Julissa Cruz Abreu digital government solutions for citizens,
Executive Director the digital economy, cybersecurity, and
Dominican Telecommunications Institute technological innovation at large as a part
(INDOTEL) of the national Agenda Digital 2030.
Dominican Republic
Similar to advanced digital markets such as the UAE, the
Dominican Republic has also created free zones, which offer
attractive investment opportunities for expanding value-chains in
the electronics and medical devices market segments. Enabled
by policies and the right enabling regulatory environment, the
Dominican Republic has become one of the most attractive foreign
direct investment (FDI) environments in the world.

77 MAY-JUNE 2024