Investment opportunities
CLERHP, a renowned Spanish company specialized in promotion, engineering and construction in Spain and Latin America, has presented at the International Tourism Fair (FITUR) its innovative real estate project called Larimar City & Resort.
This ambitious initiative aims to become the first Smart City in the Caribbean and will be located in Punta Cana, Dominican Republic, just 10 kilometers from the coast. Construction of this smart city is scheduled to begin in 2023, finishing the first phase in 2025, and thus generating a business volume of 300 million euros and an EBITDA of more than 100 million euros.
Larimar City will be a one-of-a-kind resort city, with around 25,000 apartments, six hotels, commercial areas, a hospital, university, college and a combination of urban and resort features. In addition, it will have a golf course and sports areas.
This year, construction will begin on two major residential projects, known as Prime Towers y Horizon View. An extensive promenade of more than 3 km in length will also be developed, which will include beaches and artificial pools, with impressive views of the nearby Punta Cana beach.
Conducive environment for foreign investment
Larimar City will have sophisticated facilities, such as its own golf course and country club, university, health services, shopping centers, offices, restaurants, hotels, entertainment venues and the construction of a Beach Club. Huge artificial swimming pools, children's play areas and sports fields to provide a unique comfort experience to both residents and visitors.
This project has aroused the interest of European and American investors, who have joined this initiative that will become an important economic and social driver for the Caribbean region.
The CEO of CLERHP, Juan Andrés Romero, explains: «With Larimar City & Resort we have been ambitious, since our deep knowledge and experience has allowed us to develop a solid and profitable plan for both our shareholders and investors. We have created an innovative project in the area, with the aim of building a sustainable and intelligent city that promotes renewable energy, energy efficiency and the optimization of water resources through the use of advanced technologies such as Artificial Intelligence, Big Data and the IoT.
