BOI encourages investors to consider Davao

boi encourages investors to consider davao

Sumary of BOI encourages investors to consider Davao:

  • He underscored Davao’s journey following an economic setback during the pandemic, as the region recorded a decline in approved investments in 2020 from the previous year.
  • Real estate activities brought in the largest amount of investments in the region worth P3.19 billion in 2019, followed by electricity, gas, steam, and air conditioning supply with P2.19 billion.
  • Real estate continued to be the preferred investment in Davao in 2020 with investments of P2.17 billion.
  • Other projects were the P139.87 million human health and social work projects and the P15 million investment into administrative and support service.
  • Among the investors in Davao in 2020 were the 8990 Housing Development Corp.
  • , a developer of a P2.17-billion economic and low-cost housing project in Davao City;
  • Residences Inc., a new operator of tourist accommodation facility in Davao City, valued at P1.8 billion;
  • and Universal Power Solutions Inc., a new operator of Battery Energy Storage Solutions in Malita, Davao Occidental with investments of P1.1 billion.

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