Economy


Davao del Sur to pitch two special ecozones in Dubai meet




Posted on March 17, 2015


DAVAO CITY -- Davao del Sur officials, led by Governor Claude P. Bautista, will be meeting with potential locators and investors for two planned special economic zones in the province during the Annual Investment Meeting (AIM) in Dubai, United Arab Emirates starting March 30.

Governor Claude P. Bautista
The two industrial zones, Davao South Marina and Industrial Park and Davao South Greenspace Eco-Industrial Park, will both be located in coastal areas for sea access.

Davao South Marina and Industrial Park will have leisure facilities, hotels, marina and a yacht club within a 1,000-hectare (ha) property where the 600-megawatt (MW) coal-fired power plant of SMC Global Power Holdings Corp., a unit of San Miguel Corp., is currently being constructed and scheduled to start operation by 2016.

It is located in the town of Malita, which will become the capital of the new Davao Occidental province, which has been carved out of the current 2nd district of Davao del Sur.

Davao Occidental was officially created in July 2013 through legislation and will have its first plebiscite for local government officials in the May 2016 election.

The other ecozone, Davao South Greenspace Eco-Industrial Park, will rise in a 450-ha lot in Sta. Cruz town, currently home to a San Miguel brewery, a Seaoil Philippines, Inc. oil storage facility, processing plants of agriculture firm Franklin Baker Company of the Philippines, and part of the 300-MW coal-fired power plant of Therma South, Inc., a subsidiary of Aboitiz Power Corp.

“The Davao South Greenspace is envisioned to become a sustainable community that will be the new home of industry and information technology,” said engineer Imelita C. Martinez of the Davao del Sur Provincial Engineer’s Office.

It will also have a 40-ha seaport, which will be ideal for shipbuilding, a logistics center, and a Business Park and an Information Technology Hub, added Ms. Martinez.

Greenspace will be designed as an environment-friendly industrial zone with a rainwater harvesting system, retention ponds, and resource recovery programs as well as provisions for mass transit, shore side power and coastal protection.

Both parks will be offering incentives under the Philippine Economic Zone Authority and the Davao del Sur Investment Promotions and Incentives Office, including tax holidays of three years on Real Property Tax (RPT), seven years for RPT basic and special energy fund for renewable energy companies, local government taxes equivalent to 50% of 1% of the cost of property, and sand and gravel tax equivalent to 10% of its value.

The Davao del Sur team will be part of the Mindanao delegation headed by the Mindanao Economic Development Authority (MinDA) with Secretary Luwalhati R. Antonino as chair.

Ms. Antonino will present the overall investment opportunities in the southern island while participating government officials and businessmen will engage in business-matching meetings with potential Middle East investors.

“This is a good chance for Mindanao to present investment opportunities in the island to Middle East investors considering that among the investment areas that will be promoted during the meeting are agribusiness, the Halal industry, tourism, power and energy projects, as well as infrastructure,” said Romeo M. Montenegro, MindA public affairs head.

AIM 2015, which will focus on sustainable development through Innovation and Technology Transfer, is expected to draw academics, experts and practitioners from around the world. -- Carmencita A. Carillo