Davao chalks P14.8-B investments

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Hard work obviously paid off as the Department of Trade and Industry (DTI) Region 11 recorded more than P14.8 billion investments in Davao for this year.

Of the said amount, P14.1 billion in investments was poured in Davao City while Davao del Norte recorded more than P687 million.

Investments in water supply, sewage and management got the lion’s share with P13 billion followed by real estate with more than P665 million.

Schools and hospitals received more than P376 million while agriculture, forestry and fishing had P326 million in investments.

Administrative and support services got more than P121 million while accommodation and food services received P15 million.

“Water supply and other related services have the biggest investments followed by real estate, social and sciences such as schools and hospitals” DTI-11 Assistant Regional Director Edwin Banquerigo.

Banquerigo said the figures are indications that Davao remains the preferred investment destination despite the extension of martial law in Mindanao.

In terms of investment promotions, DTI-11 has conducted several activities this year in various provinces of the region.

The programs include conducting the business and local investment networking knowledge and capability building workshop for the 35 investment promotion officers.

The Samal Island Investment Forum 2018 was also conducted with focus on the development of seaweeds and other marine culture products of the province while the 2018 Davao del Norte Business Summit provided inputs on how networking and compliance with various regulatory requirements and certifications can provide greater business and market opportunities.

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