The Philippines won the Investments Project Award for Asia during the recent Annual Investment Meeting (AIM), a leading global forum for investment and strategic networking in Dubai, United Arab Emirates (UAE).
“This is a strong confirmation that the Philippines has been attracting the best investment projects in recent years that contribute to the country’s remarkable and sustainable economic growth,” Department of Trade and Industry (DTI) Undersecretary Ponciano C. Manalo, Jr. said.
This award is a significant feature of the investment meeting, and has become a widely appreciated recognition of best investments promotion agencies (IPAs).
Headed by Manalo, the Philippine delegation was composed of 44 representatives from 20 IPAs, local government units (LGUs), private businesses, and business organizations. This mission was organized by the DTI and the Board of Investments in collaboration with the Philippine Embassy in UAE.
A total of 96 ready-to-go investments projects and business proposals were offered to potential investors. These projects are in-line with the focused sectors that the delegation intends to promote in the Middle East. These sectors are manufacturing, agribusiness, industrial estate development, tourism, infrastructure, logistics and energy.
Manalo noted that about hundred business-to-business meetings were conducted on site and outside of the investment meeting.
The AIM is a three-day event focused on foreign direct investments (FDI). It provides various platforms for key stakeholders from the government and the private sector to interact and present their investment projects, programs and opportunities.
During the country presentation attended by a hundred participants from UAE and other countries, Manalo underscored the impressive investment climate of the Philippines. He also discussed specific industry and project opportunities in various IPAs, and the vast growth potential of Mindanao, specifically on Halal products, infrastructure, and industrial estate development projects.
“With our presence in this investment meeting, we expect to attract the right kind of investment projects in the Philippines given the country’s enabling business environment and supportive investment policies,” Manalo said. (END)