Qatar-based JTA International Investment Holding has committed to invest a minimum of $3 billion in the Philippines, signaling one of the largest prospective foreign investment pledges announced this year and underscoring growing confidence in the country’s economic trajectory.
The $3 billion fund will target high-growth sectors, including information technology, healthcare, construction, infrastructure, renewable energy and tourism.
Founder and chief executive officer Dr. Amir Ali Salemi said the company is seeking standout projects and intends to work closely with local partners to bring them to fruition.
Of the total commitment, about $1 billion has already been earmarked for projects in Cebu City, including real estate and tourism assets such as hotels and resorts, pending regulatory approvals.
JTA recently opened an office in Cebu, signaling concrete plans to establish a foothold in the country.
Beyond tourism and property, JTA is in discussions with Converge ICT Solutions for the development of a Silicon Valley-style technology hub in Clark.
A memorandum of understanding between the two firms is expected to be signed soon. The company is also studying the development of a hospital outside Metro Manila as part of its healthcare expansion.
Salemi said he hopes to break ground on at least one Philippine project by the fourth quarter, subject to regulatory approvals.
The Doha-headquartered investment firm, which operates in more than 50 countries, views the Philippines as a strategic growth market in Southeast Asia.
From 21 to 24 February, JTA executives are scheduled to visit Cebu and Manila to evaluate potential projects and meet with national and local stakeholders.
The firm said its investments will align with the government’s development agenda, with a focus on technology transfer, job creation and regional growth.
It also committed to coordinating with public and private sector partners to meet international standards on sustainability and corporate responsibility.
As part of its market entry, JTA has appointed Engr. Juan Vito Genson as its country representative in the Philippines. He will oversee local partnerships, support expansion initiatives and serve as liaison with regulators and other stakeholders.
“With investments of this scale, we are taking a long-term view of the Philippines,” Salemi said, citing the country’s young workforce, improving infrastructure and reform momentum as key drivers behind the $3 billion commitment.
Initial projects are expected to move forward once regulatory clearances and final assessments are completed, with more specific details on individual investments to be disclosed at a later date.