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Sara: Welcome change, employ technology

The challenges we face today embolden us to build a stronger region for the future.

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Real estate, tourism, manufacturing, and agribusiness are the investment drivers in the Davao Region as it take the role of being one of the country’s economic pillars at the start of 2022.

This was the consensus reached during the recently held two-day 6th Davao Investment Conference 2021 that showcased Davao businesses’ commitment to digitalization and technology adoption.

Davao City Mayor Sara Duterte-Carpio confirmed the timeliness of the conference’s theme of “Davao Region: Strong Today, Stronger Tomorrow,” saying, “The challenges we face today embolden us to build a stronger region for the future. We welcome change and leverage technology in the pursuit of development in the areas of real estate, tourism, manufacturing, and agribusiness. Let this 6th Davao ICon usher in a new era in the ways we do business, reach the global market, and bring growth and development into the Davao Region in the years to come.”

Growth amid pandemic
Trade Secretary Ramon M. Lopez painted a hopeful picture of the country recovering from the global health crisis: “The Philippines remains on track to show a growth rebound in 2021. With the ongoing rollout of vaccination programs, our resilient manufacturing center, and the anticipated implementation of the regional comprehensive economic partnership in 2022, we remain an attractive investment destination.”

”We grew by an average of 5.5 percent–better than the average of 4.8 percent of the country’s gross domestic product over the same two decades. In the 10 years prior to the pandemic, Region 11’s average growth was even more impressive at 7.3 percent, hitting a high of 9.2 percent in 2016, and faster than the national GDP growth rate of 6.4 percent,” Davao ICon 2021 chairperson Ricardo Lagdameo said as he pointed to the region’s growth as a major draw for investors before and after the pandemic:

Tourism, realTy dominate
Maria Lourdes Monteverde, president of the Davao City Chamber of Commerce and Industry Incorporated (DCCCII), spoke of the industries’ “resilience and adaptability to our ever-changing world wherein we all have to learn to pivot and find innovative ways, not just to survive, but to thrive… the Davao Region and Mindanao are with no doubt, the best places for investment.”

One area for solid post-pandemic growth is tourism. Secretary Bernadette Romulo-Puyat of the Department of Tourism suggested innovative ways that can make the region “a dominant force” again.

“Mass tourism is out. More experiential tourism products [can] provide tourists with the deeper connection with our destinations and our culture… Renowned for our warmth and hospitality, the Filipino brand of service is something we continue to level up,” she noted.

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