New Cement Plant in Gonaives, Siman Lakay, a 300 Million Investment

Foreign Direct Investments (FDI) in Haiti had been rising but it remained weak (USD 99 million) in 2014. Its business climate remained mediocre because of its long-term political instability, corruption, burdensome bureaucracy and the government's inability to offer tax exemptions to the investors. In the context of 'Protection of Investors' it remained far below in the "Index of Transaction Transparency", the statistics reveal Haiti (2.0); Latin America & Caribbean (4.0); Germany (5.0) and U.S (7.0). FDI inflows in Haiti in the last three years were (in US$): $156 million (2012), $186 million (2013) and $99 (2014). In September 2011, President Martelly launched a council PACEGI (Presidential Advisory Council on Economic Growth and Investment), co-chaired by President Bill Clinton with the participation of local businessmen for improving the business climate in Haiti and in September 2012, a Presidential Commission reformed the business law of the country. In 2013, Haiti secured its best rank ever (174 out of 183 countries) in the World Bank's "Doing Business 2013" report. Thus, the recent investment plan of $300 million by the foreign and Haitian investors, in the new cement plant 'Siman Lakay,' at "La Pierre" in the locality of Gonaives, is no doubt a big boost for the Haitian economy. The project has come into existence after more than one year's hard work and technical studies by Mr. Bestgen Jérôme, the Honorary Consul of Haiti in Belgium.


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