DCIPC: 3 firms eyeing investments in the city

The government has announced that the city has continued to attract investors with three such businesses expressing interest in the agribusiness and tourism industries here.

In a statement, the Davao City Investment Promotion Center (DCIPC) said the companies revealed their plans during their meeting with the city government, through the investment center, at the conference room in City Hall on May 21 to 25.

“This includes an investor on agribusiness planning to diversify its cacao manufacturing to include coconut manufacturing; and a Japan-based chain of hotels looking at making Davao City as its next location for operations. Also, DCIPC assisted a potential investor on agribusiness in linkaging with local farmers associations in coordination with the City Agriculturist’s Office,” DCIPC said.

The city government is also boosting its efforts to promote the city as safe haven for tourists and investors.

“We know that investments, tourism activities, and peace and order cannot be separated and must go hand-in-hand,” said City Administrator Zuleika T. Lopez in her welcome message during the Davao City Investment and Tourism Roadshow at Dusit Thani Manila Hotel on June 1.

“That is why for all our promotion efforts, we ensure that these three key sectors of development are packaged to convey the message that there is no best time to visit and explore the opportunities in Davao City than today,” Lopez said.

The city government-led investment and tourism roadshow in Manila with a theme “Davao City: The Best Place to Invest, Live and Play” was attended by 60 economic and tourism counsellors of 25 embassies, including the ambassadors of Sweden, Myanmar, Malaysia, Hungary, Pakistan, Qatar, Russia, Singapore, Venezuela, and Vietnam.

The one-day event was organized in partnership with the European Chamber of Commerce in the Philippines and the Japanese Chamber of Commerce in Mindanao.

The DCIPC said the roadshow “was organized to enhance Davao City’s international relations and partnership with foreign embassies located in the Philippines. It also aimed to showcase that Davao City is open and safe as it pursues foreign visitors and investors to invest, live, and play in the city.”

As of last year, Lopez said the city already hit two million in tourist arrivals. The number of businesses also continues to grow, reaching about 40,000, she added. (KMF)

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