Development

Corporación Zona Franca Santiago: Outstanding Contribution to the Economy Dominican Republic 2025

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Corporación Zona Franca Santiago (CZFS) stands as a driving force behind economic development and industrial advancement in the Dominican Republic. Established over four decades ago, CZFS has cultivated a dynamic ecosystem that fosters business growth, employment generation, and sustainable innovation. The corporation expertly manages Santiago Free Zone Park, home to more than 80 companies operating across diverse sectors including medical devices, textiles, logistics, and technology services. Its strategic approach to infrastructure development and unwavering commitment to international standards have attracted significant foreign direct investment, contributing to an export volume exceeding USD500mn annually. CZFS’s comprehensive support services, ranging from business incubation to workforce development, have positioned the park as a model of operational efficiency and global competitiveness within the Latin American region. Its dedication to sustainability is reflected in its award-winning environmental management system, incorporating renewable energy projects and impactful waste reduction initiatives. Social responsibility is a cornerstone of CZFS’s operations, with programmes aimed at education, health, and community development benefiting thousands in the region. The corporation’s focus on innovation and continuous improvement has ensured it remains a key contributor to the Dominican Republic’s gross domestic product, providing over 20,000 direct jobs and influencing wider regional economic growth. CZFS has consistently demonstrated exceptional leadership in transforming the free zone sector into a catalyst for inclusive national prosperity. The CFI.co Judging Panel congratulates Corporación Zona Franca Santiago on winning the 2025 award for Outstanding Contribution to the Economy (Dominican Republic).

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