Davao City Investment Promotion Center (DCIPC) head April Marie Dayap said her office has stepped up its marketing campaign to make the city a viable agri-business investment hub.
The DCIPC continues to conduct investment promotion roadshows to introduce Davao City to both local and foreign investors and to find the right markets for the city’s local products. Virtual roadshows conducted at the height of the pandemic introduced the DCIPC to more potential markets.
There are two roadshows scheduled for business delegates from Australia and the Middle East and at least three more will be organized this year. Apart from virtual roadshows, the DCIPC is also promoting high-value products, such as durian, in foreign markets.
Dayap said the stable security situation in the city, after having been declared insurgency-free, had significantly improved investor confidence, especially in the agri-business sector.
Dayap confirmed that some foreign entities have expressed interest in developing areas in the Paquibato district for corn plantation and processing facilities. A 25-hectare durian plantation in Paquibato district is also being proposed by a Singaporean investor.
Dayap said easing of travel restrictions and the recovery of the tourism industry will renew foreign interest, prompting the need for a stronger promotional strategy to attract more investors.
With additional reports: The Manila Times, Ruth Palo