Dominican Republic to Invest Over $600 Million in Pedernales Spaceport Project
President Luis Abinader announced a commercial spaceport project in Pedernales during his State of the Nation address, involving over $600 million in investment. The goal is to enable satellite or rocket launches from Dominican territory by May 2028, following negotiations with Launch on Demand and U.S. investors. The project is part of a strategy to diversify the economy through high-tech partnerships, including collaborations with Nvidia and Google, aimed at enhancing the country's technological capabilities and competitiveness.
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The Dominican Republic will build a commercial spaceport in Pedernales, with an investment exceeding $600 million, as announced by President Luis Abinader. The spaceport aims to facilitate satellite or rocket launches by May 2028, following negotiations with Launch on Demand and U.S. investment funds led by Burton Cantlich.
This initiative is part of a broader strategy to diversify the economy through technological partnerships, including collaborations with Nvidia for AI training and Google’s $500 million investment in a digital exchange hub. The spaceport is expected to transform Pedernales into a tourism and logistics hub and enhance national competitiveness.
Economic indicators show a projected growth of 2.1 percent in 2025, with exports nearing $16 billion and foreign direct investment over $5 billion. These efforts align with the RD 2036 development roadmap.
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