Davao City will host a big delegation of investors from Chongqing town of the People’s Republic of China to explore business opportunities in the city.
Among those that will be explored is the development of an industrial park.
April Marie Dayap, the head of the Davao City Investment and Promotion Center (DCIPC), said the Chinese delegation will arrive on Thursday.
Chongqing Municipality located in Southwestern China is known as an industrial site with partnerships from investors around the globe like in the United Kingdom.
“Chongqing is known as an industrial municipality that has partnerships with different countries like the United Kingdom,” she said.
Dayap added that the Chinese investors are eyeing to develop industries which will boost Davao City’s economy.
Dayap said that if the industrial park will be established the city will draw more investors thereby creating more jobs for Dabawenyos and push the city’s economy forward.
The establishment of a government-owned industrial zone of at least 20 hectares and with direct access to port and airports has been one of the city government’s priorities, but this has been challenging because there is no available big tracts of land near the sea.
The city government through the DCIPC had been counting on the private land owners who have properties in the north side of the city to invest in the project to shore up the city’s investments promotion.
The industrial zone is seen as a magnet to investors with the city’s potentials for agri-tourism and manufacturing. CIO