With some 500 investors in town for the 5th edition of the Davao Investment Conference, Davao City is on the high power objective of the world’s trade and investments microscope. The opportunities are wide open but until concrete deals are made, we have yet to cash in on this big break.
Counting investors from China like Alibaba, Singapore, South Korea, Malaysia and Europe, Davao City has established itself as a viable investment destination. Credit that to its robust economy, peace and order, good business climate and high investor confidence. These are products of Davao’s patient steps towards gaining firm ground in the economic landscape and will be the factors to reckon with in making investment decisions. With infrastructures and utilities in place, Davao City and the rest of the region are in a status never before experienced in years.
John Carlo Tria, executive vice president of the Davao City Chamber of Commerce and Industry, Inc. (DCCCII) said Davao’s robust economy has raised the interest of foreign investors, who expected to find out what sector of the economy is growing and they will know why these sectors are worth investing in. According to Tria, the participation of new investors to this event shows that there is growing interest in Davao and in the other areas while offsetting the negative perception of Mindanao brought by the declaration of martial law and decades of insurgency.
Davao ICon will showcase the readiness of Davao as an investment destination in terms of infrastructure, sufficiency of power and water supply, and planned developments such as airport and seaport modernization.
The next few days should be interesting.
