The investment is being made with DP World and is in addition to the $760m (c. £564m) previously committed into the country’s logistics infrastructure.

The latest investment, with the Ministry of Industry, Commerce and MSMEs, will seek to support the development of new warehouse infrastructure and increase overall logistics capacity.

This, the partnership hopes, will further integrating port, free zone and logistics services at Caucedo to meet growing regional demand.

DP World Americas COO, Morten Johansen, said: “The Dominican Republic is increasingly central to regional trade in the Americas.

“This additional $100m (c. £74m) investment builds on our previously announced commitment, helping position Caucedo as a fully integrated logistics platform capable of supporting long-term trade and industrial growth.”