43 Mindanao projects up for biz matching with foreign investors-A A +A
Tuesday, July 22, 2014
A TOTAL of 43 projects, amounting to P237.67 billion, in Mindanao have been sent to Philippine trade attaches in different countries for business matching with foreign investors.
Bureau of Investments (BOI) Davao Extension Office chief Gil M. Dureza said these projects were sent out by the committee on business matching of the 2nd Brunei Darussalam-Indonesia-Malaysia Philippines-East Asean Growth Area (BIMP-Eaga) and Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) Trade Fair and Business Leaders' Conference.
He said these projects, mostly from Davao and Soccsksargen regions, were sent to trade attaches in Thailand, Singapore, Indonesia, Brunei, Malaysia, and Europe for business matching.
Based on their initial data, some of the projects are on agriculture, agri-business, real estate, food processing, industrial parks, manufacturing, and renewable energy. The projects will be able to generate at least 116,185 jobs.
The bulk of the projects are into agriculture and agribusiness particularly those that have something to do with bananas, coconuts, and oil palm.
Dureza said they are finalizing the projects that are coming from the Zamboanga Peninsula, Northern Mindanao, Caraga Region, amd Autonomous Region in Muslim Mindanao.
This is part of their preparation for the Business Matching Session of the upcoming 2nd BIMP-Eaga and IMT-GT Trade Fair and Business Leaders' Conference this coming October 23 to 26, 2014 at the SMX Convention Center. The Business Matching Session will be held on October 24 to 25 in the same venue.
Dureza said this will efficiently facilitate the business matching session come October since these projects were pre-matched before the event.
During the session the project proponents and the investor will only need to discuss final details and firm up their agreements. He said this will allow them to cater to more on-the-spot business matching during the event.
The committee is comprised of the Bureau of Investments, Davao City Investment Promotion Center, Midanao Development Authority, business chambers in Mindanao, and regional offices of the Department of Trade and Industry.
Published in the Sun.Star Davao newspaper on July 23, 2014.